There Are Four Major Types of Staffing Plans

question 32

Multiple Choice

There are four major types of staffing plans.The mixed method of staff planning refers to which of the following?

• A)The schedule uses decentralized scheduling and its staffing needs are supplemented by the centralized office.
• B)The schedule is planned on each individual unit by the nurse manager.
• C)The schedule is planned by the nurses themselves.
• D)The schedule is planned by nursing service.

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Definitions:

Internal Rate

Often referred to as the internal rate of return (IRR), it is the discount rate that makes the net present value (NPV) of all cash flows from a particular project equal to zero.

Payback Period

The time duration required for an investment to generate cash flows sufficient to recover the initial cost of the investment.

Net Present Value

The difference between the present value of cash inflows and the present value of cash outflows over a period, used in capital budgeting to assess the profitability of an investment.

Simple Rate

A basic form of interest calculation representing a percentage of the principal amount over a certain period of time.