According to the Contingency Theory of Organizational Performance, an Organization

question 26

Multiple Choice

According to the contingency theory of organizational performance, an organization must structure and adapt its nursing units to complement which two factors? (Select all that apply.)

• A) Skill set
• B) Patient population
• C) Environment
• D) Technology
• E) Finances

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Definitions:

Equilibrium

A state of balance in a market or economy where supply equals demand, with no external influences causing disruption.

Market

Any structure that allows buyers and sellers to exchange any type of goods, services, and information.

Producer Surplus

The difference between the amount producers are willing to accept for a good or service and the actual amount they receive in the market.

Equilibrium

The state in which market supply and demand balance each other, and as a result, prices become stable.