In an Effort to Control Costs and Maximize Revenues,the Rehabilitation

question 7

Multiple Choice

In an effort to control costs and maximize revenues,the Rehabilitation Unit at Cross Hospital reduces the number of its nursing managers.Within a year,the number of adverse events on the units has doubled.This may be attributable to

• A) the overload of work for staff nurses.
• B) inability of staff at the bedside to make good choices.
• C) a change in reporting systems.
• D) fewer clinical leaders and advocates for necessary resources.

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Definitions:

Reward For Uncertainty

Compensation or return expected for taking on investment or business risks, acknowledging the potential for financial loss.

Present Value

The current worth of a future sum of money or cash flows given a specified rate of return.

Dollar Received

Indicates the actual amount of money received, taking into account all transactions.

Potential Profit Rate

refers to the expected return on investment or the rate at which a particular activity or venture might yield profit under optimal conditions.