Hospitals and Long-Term Care Facilities Wishing to Achieve Magnet Recognition

question 18

Multiple Choice

Hospitals and long-term care facilities wishing to achieve Magnet Recognition Program must meet which of these components? (Select all that apply.)

• A) Transformational leadership
• B) Incident reporting
• C) New knowledge
• D) Actual staffing ratios
• E) Empirical outcomes

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Definitions:

Adverse Selection

A situation in which one party in a transaction possesses information that the other party does not, leading to an imbalance in the exchange, often seen in insurance markets.

Insurance Market

A market where individuals or entities can transfer or share risk by purchasing insurance policies from insurers, who assume the risk in exchange for premiums.

Diversification

A strategy used in investing or business to spread risks by allocating resources across different assets, products, or markets.

Expected Gain

The anticipated benefit or profit from an investment or action.