As Nurses Accept the Responsibility of Implementing Research Findings, They

question 11

Multiple Choice

As nurses accept the responsibility of implementing research findings, they will begin plans to implement changes in their practice setting. What suggestion might help smooth the transition on a hospital unit?

• A)Involve the nursing leaders to plan how the changes will be implemented.
• B)Have the unit manager include the changes in the policy and procedure manual.
• C)Seek input from all nurses who have a stake in the intervention or changes.
• D)Have a staff education meeting, talk about great change, and serve pizza.

Interpret the implications of utility functions on spending decisions.

Evaluate the present value of endowments based on consumption and earnings across different periods under various interest rates.

Determine the effect of income changes on consumption in multi-period models.

Apply concepts of utility maximization to predict behavior under different economic scenarios.

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Definitions:

Stated Interest

The interest rate declared on a bond or loan that represents the actual annual cost of borrowing to the borrower.

Compound Interest

Interest earned on both the initial principal and the interest reinvested from prior periods.

Annuity Stream

A series of equal cash flows distributed at regular intervals over a specified period.

Cash Flow Payments

Transactions involving the inflow and outflow of cash, representing the payment of expenses or receipt of income by an individual or business.