An Example of a Favorable Variance Is ________

question 50

Multiple Choice

An example of a favorable variance is ________.

• A) actual revenues are less than expected revenues
• B) actual expenses are less than expected expenses
• C) actual material prices are greater than expected material prices
• D) expected labor costs are less than actual labor costs

Recognize the importance of accurate and timely documentation for effective communication among healthcare professionals.

Comprehend the significance of standardized assessments and care planning for reimbursement.

Grasp the importance of critical pathways and interdisciplinary teamwork in patient care.

Appreciate the role of nursing documentation in patient safety, care quality, and compliance with healthcare policies.

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Definitions:

Foreign-Born

Individuals who were born outside of the country in which they currently reside, often implying immigration.

Statistics Canada

The national statistical office of Canada, providing economic, social, and census data.

Canada

A country in North America known for its multicultural society, expansive natural landscapes, and a parliamentary democracy.

Multiculturalism

A concept often used in different ways. It can refer to the demographic reality that we are a multicultural society made up of ethnoculturally and racially diverse groups of people. Multiculturalism can also refer to an ideology that uses ethnocultural and racial diversity and equity as its framework and a mosaic as its metaphor. It may also refer to formal policy and initiatives.