Morice Industries Inc

question 128

Multiple Choice

Morice Industries Inc. has developed a new injection mold, model IA-05, that is designed to offer superior performance to a comparable injection mold sold by Morice's main competitor. The competing injection mold sells for $54,000 and needs to be replaced after 1,000 hours of use. It also requires $7,000 of preventive maintenance during its useful life. Model IA-05's performance capabilities are similar to the competing product with two important exceptions-it needs to be replaced only after 2,000 hours of use and it requires $8,000 of preventive maintenance during its useful life.
-From a value-based pricing standpoint what range of possible prices should Morice consider when setting a price for model IA-05?

• A) $54,000 ≤ Value-based price ≤ $114,000
• B) $54,000 ≤ Value-based price ≤ $108,000
• C) $60,000 ≤ Value-based price ≤ $114,000
• D) $60,000 ≤ Value-based price ≤ $108,000

Understand the legal aspects of delegation and supervision in nursing practice.

Recognize the legal protections and requirements for patient information confidentiality and privacy.

Understand the ethical principles of nursing practice, including autonomy, beneficence, nonmaleficence, and veracity.

Identify and apply the steps of ethical decision-making in nursing practice.

---

Definitions:

Gross Domestic Product

Measures the total value of all goods and services produced within a country’s borders over a specific time period, indicative of its economic health.

Sanitation

Measures aimed at promoting hygiene and preventing disease, especially through the provision of clean water and disposal of sewage and waste.

Mobiles

Portable electronic devices with connectivity capabilities, such as smartphones and tablets, used for communication and information access.

Welfare Benefits

Government-provided support to individuals or families, especially those with low incomes, in the form of financial aid or services.