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When Completing an Admission Assessment on an Older Adult,the Nurse

question 6

Multiple Choice

When completing an admission assessment on an older adult,the nurse gives the patient a high fall risk score.Which action should the nurse take first?

Perform calculations involving rate adjustments, such as inflation and discount rates, on financial planning.
Evaluate the financial implications of deferring payments or restructuring payment schedules.
Assess financial plans and payment options in consideration of inflation rates and expected investment returns.
Understand and apply the concept of time value of money in various contexts.

Definitions:

May Bank Reconciliation

A process undertaken to verify the accuracy of financial records by comparing the May bank statement with the company's internal records.

Deposits in Transit

Funds that have been recorded by a company but not yet by its bank, typically due to timing differences.

Bank Reconciliation

The process of comparing and adjusting a company's book balance of an account with the balance reported by a bank to find any possible discrepancies.

Company's Books

The complete set of financial records of a business, capturing all transactions, accounting entries, and financial statements.

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