Factor Evaluation Systems Involve Classification Systems in Which

question 23

Multiple Choice

Factor evaluation systems involve classification systems in which:

• A) financial data are used to determine staff-to-patient ratios.
• B) diagnosis-related groups are used to determine the numbers of acutely ill patients on a unit.
• C) interventions and time required for interventions are combined to determine levels of are required.
• D) financial resources and nursing interventions are combined to determine patient contact hours.

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Definitions:

Revenues

Income generated from normal business operations and includes discounts and deductions for returned merchandise.

Shareholders' Equity

The residual interest in the assets of a corporation after deducting liabilities, representing ownership interest held by shareholders.

Subdivision

The act of dividing land into plots or parcels for the purpose of sale or development.

Debit Increases

Debit increases refer to the accounting principle where increases in assets, expenses, and losses are recorded on the debit side of a ledger.