Policies and Procedures Serve Many Purposes in an Organization

question 6

Multiple Choice

Policies and procedures serve many purposes in an organization.Which of the following purposes of policies and procedures is the most important for the nurse manager?

• A)They serve as a basis for future decisions and actions.
• B)They serve as a means to plan the unit budget.
• C)They serve as a means to control performance.
• D)They serve as a means to increase consistency of action.

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Definitions:

Cash Collections

Cash collections involve the process of receiving and managing payments from customers or clients, typically reflecting a company's effectiveness in converting sales or receivables into cash.

Direct Labor Budget

An estimation of the total cost of labor required to produce a certain number of units within a specific period.

Direct Labor-Hours

The number of labor hours spent specifically on the manufacturing of products.

Direct Labor Rate

The cost per hour for labor directly involved in the manufacturing process of a product.