A Concern That Nurses Were Being Asked to Perform Tasks

question 18

Multiple Choice

A concern that nurses were being asked to perform tasks that went beyond the state's nurse practice act was brought to the union's attention. Nurses were informed that either mediation or binding arbitration will be used to resolve the issue. A novice nurse asks about the difference between these techniques and is informed that:

• A) mediation is sanctioned by the National Labor Relations Board (NLRB) to formally discuss concerns with management and labor.
• B) binding arbitration is a formal discussion between labor and management in which the arbitrator's recommendations are compulsory.
• C) mediation uses a trained person to negotiate a legally binding plan.
• D) binding arbitration requires both labor and management to participate in discussions on the least destructive approach to allow self-governance by employees.

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Definitions:

Dividend Payout Ratio

The portion of net income distributed to shareholders in the form of dividends, expressed as a percentage of the company's total net income.

Book Value per Share

A financial measure that indicates the theoretical value per share of a company if it were to liquidate, calculated by dividing total equity by the number of outstanding shares.

Price-earnings Ratio

A valuation metric for companies, calculated by dividing the current market price of a stock by its earnings per share (EPS).

Dividend Yield Ratio

A financial ratio that indicates how much a company pays out in dividends each year relative to its stock price, typically expressed as a percentage.