All Nurses Should Be Involved in Developing Health-Care Policy

question 16

Multiple Choice

All nurses should be involved in developing health-care policy.Which of the following is an example of this?

• A)Becoming involved with a collective bargaining group
• B)Aligning closely with a specific legislator interested in policy making
• C)Spearheading a health curriculum change in public education
• D)Attending political group meetings where solutions for health-care issues are determined

Differentiate between physical units and cost units in the production cost report.

Analyze the impact of activity-based costing (ABC) and its limitations.

Identify the basic similarities and differences between job order cost and process cost systems.

Understand the principles of Just-In-Time (JIT) processing and its benefits.

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Definitions:

SFAS No.123

An accounting standard issued by the Financial Accounting Standards Board (FASB) related to the expensing of stock options, specifying how companies should account for stock-based compensation.

Stock Options

Financial derivatives that give the holder the right, but not the obligation, to buy or sell a stock at a predetermined price within a specific time frame.

APB No.25

An accounting principle that dealt with stock-based compensation and required companies to record an expense for issued options.

Vesting Period

The period of time an employee must work before gaining full access to their benefits or compensation plans, such as pension plans or stock options.