Nurse Managers Involved in the Development of the Action Plan

question 12

Multiple Choice

Nurse managers involved in the development of the action plan for a unit understand that each objective is individualized such that:

• A)Each objective has an indentified population.
• B)Each objective has an identified resource.
• C)Each objective has an identified goal.
• D)Each objective has been identified by the CEO.

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Definitions:

Miller-Orr Model

The Miller-Orr Model is a financial model used to manage cash balances by setting upper and lower limits on cash reserves, suggesting when to transfer funds to minimize costs.

Lower Limit

The minimum value or boundary that a variable, such as a stock price or interest rate, can reach or be set to.

Upper Limit

The highest value that a variable can assume in a given context or the maximum capacity of a system.

BAT Model

The BAT Model, or Behaviorally Anchored Rating Scale, is a method used in performance management to rate and evaluate employees' behaviors against specific examples that are anchored to numerical ratings.