The Unit Is Shifting from Primary Nursing to a Team

question 17

Multiple Choice

The unit is shifting from primary nursing to a team model in an effort to contain costs.Staff members are angry and ask for a meeting to discuss the change.After hearing their concerns related to reduction in professional autonomy and care quality,you:

• A)Acknowledge the loss.
• B)Explain the reasons for change, emphasizing the need to reduce costs.
• C)Repeat the information several times, giving detailed budget overviews.
• D)Adjourn the meeting and provide explanation through e-mail.

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Definitions:

Net Income

The amount of earnings left over after all expenses, including taxes and costs, have been deducted from total revenue; essentially, the company's profit.

Physical Count

An actual count of merchandise or inventory on hand, often conducted at the end of an accounting period to verify the accuracy of records.

Ending Inventory

The value of goods available for sale at the end of an accounting period, calculated as beginning inventory plus purchases minus cost of goods sold.

Net Realizable Value

Net Realizable Value is the estimated selling price of goods, minus the estimated costs of completion and necessary selling costs, used for inventory valuation and accounts receivable.