What Is the Most Important Feature of the Shared Governance

question 7

Multiple Choice

What is the most important feature of the shared governance model?

• A)Nursing administration retains most of the power over nurses to better regulate practice.
• B)Power and authority are transferred to the nursing staff rather than being located primarily in nursing administration.
• C)Clients are billed for nursing care as a separate item similar to the way they are billed for physician services.
• D)The nursing staff hierarchy structure is similar to the medical staff structure.

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Definitions:

CVP Analysis

Cost-Volume-Profit Analysis, a method used in managerial accounting to understand the impact of varying levels of costs and volume on operating profit.

Variable Cost

Expenses that vary directly with the amount of products or services a company generates.

Fixed Costs

Costs that remain constant regardless of a company's level of activity, including expenses like rent, salaries, and insurance.

Profit

The financial gain made in a transaction or operation, calculated as the difference between revenue and expenses.