A Nurse Manager Is Preparing a Presentation on Health Care

question 5

Multiple Choice

A nurse manager is preparing a presentation on health care economics for unit staff.How would the nurse manager explain the definition of economics as it relates to health care to the staff?

• A)Economics refers to how the health care system is going to care for the older segment of the population.
• B)Health care is a limited resource;economics refers to how this resource is going to be allocated.
• C)Health care economics refers to the budgeting and financial management of the institution providing the care.
• D)Economics is the balance of the utilization of health care services and the monies obtained for the services provided.

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Definitions:

Supplier's Country

The nation in which a supplier or producer of goods or services is located or operates from.

Port

A location on a coast or shore containing harbors where ships can dock and transfer people or cargo to or from land.

CIF

An international commercial term (Incoterm) meaning "Cost, Insurance, and Freight," indicating the seller must cover these costs to the point of destination specified.

Marine Insurance

Insurance coverage that protects against the loss or damage of ships, cargo, terminals, and any transport by which property is transferred, acquired, or held between the points of origin and final destination.