The Hospital Has Recently Implemented Computer Charting

question 21

Multiple Choice

The hospital has recently implemented computer charting. The computerization of nursing practice:

• A) enhances and increases the time spent on documentation.
• B) makes patient data immediately available to the health care team.
• C) makes retrieval of data more difficult but safer.
• D) is enhanced by limiting the use of point-of-care technology.

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Definitions:

Gross Investment

The total amount spent on purchasing or building new fixed assets and on replacing old assets, without deducting for depreciation.

Net Investment

The total amount spent on capital assets (like plant and equipment) minus depreciation, reflecting the actual increase in an entity's productive capacity.

Depreciation

The process of allocating the cost of tangible assets over their useful lives, reflecting the decrease in value of assets due to use, wear and tear, or obsolescence.

Implicit Cost

An indirect, non-payment expense represented by the opportunity cost of utilizing resources in a specific project instead of elsewhere.