Because of Rapid Turnover and the Ongoing Hiring of New

question 18

Multiple Choice

Because of rapid turnover and the ongoing hiring of new graduates,the skill levels of staff in a busy CCU are varied.Senior staff are becoming burned out with the need to provide mentorship and guidance to new staff.As the manager,you propose the addition of a nurse in advanced practice to provide consultation and education for staff.What is this position considered?

• A) Hierarchical position
• B) Ancillary
• C) Line position
• D) Staff position

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Definitions:

Cost of Capital

The cost of funds used for financing a business, typically expressed as a rate of return that the company must earn before generating value.

Market Risk Premium

The additional return that investors require for assuming the risk of investing in the stock market over a risk-free rate.

Beta

A tool for determining the instability, or systematic risk, present in a security or a portfolio when measured against the general market.

Expected Rate of Return

The anticipated return on an investment, calculated as the weighted average of the possible returns based on their probabilities.