The Members of a Steering Committee Should Be Carefully Selected

question 22

Multiple Choice

The members of a steering committee should be carefully selected. Which committee would be most effective?

• A)A four-member committee consisting entirely of high-level executive board members
• B)A five-member committee consisting of one upper-level management representative from each department
• C)A 15-member committee consisting of multidisciplinary representatives from each unit/department
• D)A 12-member committee consisting of staff nurse representatives from each unit

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Definitions:

Total Return

A comprehensive measure that reflects the actual rate of return of an investment or a portfolio over a specific time period, including both capital gains and dividends.

Risk Premium

The extra return above the risk-free rate that investors require as compensation for the risk of investing in a risky asset.

Small Stocks

Shares of companies with a smaller market capitalization, often considered more volatile but with potential for high returns.