A Bill Has Been Submitted to the State House of Representatives

question 21

Multiple Choice

A bill has been submitted to the State House of Representatives that is designed to reduce the cost of health care by increasing the patient-to-nurse ratio from a maximum of 2:1 in intensive care units to 3:1.The nurse realizes that

• A) Legislation is politics beyond the nurse's control.
• B) National programs have no bearing on state politics.
• C) The individual nurse can influence legislative decisions.
• D) Focusing on nursing care provides the best patient benefit.

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Definitions:

Premium

An amount paid in addition to the standard or nominal cost, often associated with insurance, bonds, or the difference above a product's nominal value.

Spot Rate

The current market price at which a particular asset, such as currency, commodity, or security can be bought or sold for immediate delivery.

Direct Quote

A currency exchange rate quoted as the domestic currency per unit of the foreign currency.

Exchange Rate Risk

The potential for investors or companies to experience financial loss due to fluctuations in the exchange rate between two currencies.