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Scenario 6-2
The shortage of professionals is a well-documented global issue occurring in countries with aging populations.As a result, an organization such as BCH, a health-care organization that oversees many diverse unionized health services in British Columbia, is experiencing staff shortages in nursing.Patients' waiting times have increased dramatically.Sixty percent of nurses will be eligible for retirement by 2022.Young graduate nurses are moving out of the province to health-care providers that are aggressively recruiting and providing new hires with incentives ranging from flexible work alternatives to educational funding support.Twenty percent of nurses are off the job due to illness or injury.Eighty percent of nurses are single parents, support an elderly parent(s) , or are a primary caregiver.BCH believes that becoming an "employer of choice" is a way to attract and retain its health-care professionals.
-Refer to Scenario 6-2.What is the goal of BCH's nursing job-related selection system
Fixed Cost
Expenses that do not vary with the level of production or sales, such as rent, salaries, and insurance, providing a base level of costs in an operation.
Transportation
The act or process of moving people or goods from one place to another using various modes such as vehicles, trains, ships, or airplanes.
Lot Size-based Discounts
Price reductions offered to customers purchasing goods in large quantities or predefined lot sizes.
Volume Discounts
Price reductions given to buyers purchasing large quantities of goods, incentivizing bulk purchases.
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