Towards 2020 Predicted a Change in Where Nurses Would Work

question 3

Multiple Choice

Towards 2020 predicted a change in where nurses would work.What was this prediction?

• A) Two-thirds of nurses would work in community-based care.
• B) A quarter of nurses would work in private clinics.
• C) Half of nurses would work in geriatric care.
• D) The majority of nurses would work in acute care settings.

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Definitions:

Break-even Point

The point at which total costs and total revenues are equal, meaning that a business, project, or investment is neither making a loss nor a profit.

Normal Profit

The minimum profit necessary for a company to remain competitive in the market; it corresponds to the opportunity cost of capital.

Product Price

The amount of money charged for a product or service, determined by factors such as cost of production, market demand, and competition.

Curve Steepness

The rate at which the slope of a curve increases or decreases, often used in economics to describe the sensitivity of one variable to another.