A Nurse Is Looking for Financial Support When Developing a Nursing

question 16

Multiple Choice

A nurse is looking for financial support when developing a nursing center. Which of the following would be an appropriate source for funding? (Select all that apply.)

• A) Grant funding
• B) Charitable organizations
• C) Private pledges
• D) Foundations
• E) State and federal agencies

---

Definitions:

S Corporation

A close corporation whose shareholders have elected to be taxed essentially like partners are taxed under federal income tax law. Also called subchapter S corporation.

Limited Partnership

A partnership structure where at least one partner has unlimited liability, and at least one partner has limited liability.

Personal Liability

The responsibility of an individual to bear the financial costs associated with damages or debt from their actions or business dealings.

Sole Proprietorship

A business owned and operated by one person, who is solely responsible for its liabilities and entitled to its profits.