The Hospital Is Caring for More High-Acuity Clients Due to the Recent

question 21

Multiple Choice

The hospital is caring for more high-acuity clients due to the recent flu endemic. The chief nurse officer (CNO) reviews the census from last year's flu season and instructs the manager to schedule more registered nurses for the weekend. Which system has the CNO used?

• A) Patient classification systems management
• B) Demand management system
• C) The Baylor plan
• D) Automated staffing

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Definitions:

Price Discrimination

The strategy of selling the same product to different customers at different prices, based on their willingness to pay.

Deadweight Loss

Deadweight Loss is the loss of economic efficiency that occurs when the equilibrium for a good or service is not achieved, often due to market distortions like taxes or subsidies.

Single-Price Monopolist

A monopolist that charges all consumers the same price for its product or service.

Price Discrimination

The approach of pricing the identical product variably for different consumer segments, according to their readiness to spend.