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A serious medication administration error occurred on the unit last night. What statement, made by the nurse manager, reflects the current focus of quality improvement (QI) related to this situation?
Warranty Expense
Costs associated with the obligation to repair or replace defective products sold to customers, recognized as a liability.
Estimated Liability
A probable future outflow of resources, arising from past transactions or events, the amount of which is not certain.
Cash Discounts
A reduction in invoice amount offered by sellers to buyers as an incentive for early payment.
Trade Accounts Payable
Liabilities owed to suppliers for goods and services received that are yet to be paid for by the business.
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