The Purpose of Certification Is To

question 14

Multiple Choice

The purpose of certification is to:

• A) Assure the public that nurses who claim to be competent at an advanced level have had their credentials verified through examination
• B) Verify minimal competency levels of practice
• C) Create a network for nurses to collaborate
• D) Make it difficult to become a nurse

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Definitions:

Free Market Equilibrium

A state in an unrestricted market where supply equals demand, and prices stabilize without external interventions.

Market Price

The existing value at which an asset or service is offered for buying or selling in the marketplace.

Producers Gain

The increase in total revenue that producers achieve from selling goods or services, typically measured against costs.

Price Elasticity of Demand

Measures how much the quantity demanded of a good responds to a change in the price of that good.