What Is the Primary Reason for Establishing Standing Orders

question 7

Multiple Choice

What is the primary reason for establishing standing orders?

• A) To provide appropriate nursing autonomy in settings where client needs can change rapidly
• B) To facilitate adequate care when direct contact with a primary health care provider is not immediately possible
• C) To allow the nurse to provide certain routine therapies without first notifying the primary health care provider
• D) To afford the client interventions that reflect the appropriate standard of care in the absence of a primary health care provider

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Definitions:

Input Price

The cost associated with procuring the resources needed for production, such as raw materials, labor, and machinery.

MC = MR

The condition where marginal cost equals marginal revenue, often used as a profit maximization rule for firms.

Industry Supply Curve

A graphical representation that shows the relationship between the price of a good and the total output of the industry for that good.

Shutdown Point

The level of production and price where a company's revenue just covers its variable costs, below which it would be more economical for the firm to cease operations.