A Nurse Manager Wants to Cut Costs and Eliminate Expensive

question 7

Multiple Choice

A nurse manager wants to cut costs and eliminate expensive latex-free gloves.Which response by the chief nursing officer (CNO) is best?

• A) Allowing the change because it will save substantial money
• B) Allowing the change because the manager is in charge of the unit's budget
• C) Not allowing the change because latex allergy is fairly common
• D) Not allowing the change until the next vendor bidding cycle occurs

Calculate and interpret financial ratios like debt payments-to-income ratio and debt-to-equity ratio.

Recognize the role and function of credit bureaus in financial health.

Grasp the advantages and disadvantages of using credit.

Implement strategies to avoid credit card fraud.

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Definitions:

Commercial Products

Goods or services that are produced for sale to consumers in the marketplace.

Governmental Services

Various services provided by the government to its citizens, such as education, healthcare, and public safety.

Articles of Confederation

The first governing document of the United States, created before the Constitution, which provided a loose federation of the states with limited central government power.

Ratified

The process by which a proposed treaty or agreement is officially approved and adopted by the necessary parties or institutions.