The Supervisor Suggested That a Nurse Use a Contract to Confirm

question 4

Multiple Choice

The supervisor suggested that a nurse use a contract to confirm goals and plans with an elderly man who had recently moved into a self-care halfway house.Which of the following is an advantage of such a contract?

• A)It documents the cost of each nursing service.
• B)It protects the nurse if the nurse is ever sued for malpractice.
• C)It is legally binding for both parties.
• D)It clarifies who will do what,when,where,and why.

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Definitions:

Market

A place or scenario where buyers and sellers interact to trade goods, services, or information, often regulated by supply and demand.

Imperfect Competition

A market structure where the conditions necessary for perfect competition are not satisfied, characterized by factors like different products and barriers to entry.

Market Power

The ability of a firm or group of firms to influence the price of a good or service in the market, often through controlling supply, demand, or both.

Inefficiency

Occurs when resources are not used in the most effective way, resulting in wasted resources or lost opportunities, often identified in markets with monopolies or restrictive trade practices.