Mandatory Overtime and Reduction in RN Staff Have Resulted in Decreased

question 3

Multiple Choice

Mandatory overtime and reduction in RN staff have resulted in decreased client satisfaction and a sentinel event. Management is unwilling to discuss a change in staffing, and collective bargaining interest is sparked. A nurse is approached to sign a union authorization card. If signed, the card:

• A) authorizes the union to serve as his or her legal representative.
• B) indicates that the person is requesting additional information about collective bargaining.
• C) indicates the nurse desires to share information about grievances.
• D) gives permission for union dues to be deducted from pay.

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Definitions:

Capital Budgeting

The procedure of assessing and choosing long-term investment opportunities that align with the objective of maximizing shareholder wealth.

Net Present Value

A financial metric that calculates the value of a projected future cash flows relative to the initial investment, considering the time value of money.

Break-Even Time

The period required for a business to generate enough revenue to cover its total costs, reaching a financial state where profit and loss are exactly balanced.

Payback Period

The length of time it takes to recover the initial cost of an investment, calculated by dividing the investment cost by annual cash inflows.