As a Nurse Manager in a Hospital,you Would Expect What

question 25

Multiple Choice

As a nurse manager in a hospital,you would expect what to be the major contributor to funding and revenues in your organization?

• A) The federal government
• B) Medicare
• C) Medicaid
• D) Blue Cross/Blue Shield

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Definitions:

Cost Per Unit

The amount of financial expense associated with producing a single unit of a product or service.

Production

The process of creating goods and services through the combination of labor, capital, and resources.

Economic Profit

A measure of profit that includes recognition of implicit costs (like the cost of equity capital). Economic profit measures the true profitability of decisions.

Savings Account

A deposit account held at a bank or financial institution that pays interest but typically has limited withdrawal options.