Key to Effective Staffing Are Protocols and Processes for Daily

question 6

Multiple Choice

Key to effective staffing are protocols and processes for daily staffing decision support that are aligned with a budget-sensitive variable staffing plan. In a decentralized model, the responsibility of daily staffing allocation belongs to the:

• A) float pool.
• B) staffing office.
• C) department manager.
• D) chief nursing officer.

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Definitions:

DSO

Days Sales Outstanding, a measure of the average number of days that it takes a company to collect payment after a sale has been made.

Bad Debt

A receivable that is considered irrecoverable and is therefore written off as a loss.

Incremental Cost

The additional cost associated with producing one additional unit of output.

Carrying Receivables

The accounting practice of recognizing unpaid invoices as assets on a company's balance sheet, expected to be converted into cash within a year.