The Nurse Is Assigned to Work on a Hospital Committee

question 5

Multiple Choice

The nurse is assigned to work on a hospital committee to reduce medication errors.The committee members seem hostile and blaming,and one member suggests that the committee should no longer meet.Which statement,if made by the nurse,indicates an understanding of the stages of group development?

• A)"We are not able to work as a cohesive group;it would be best if the committee work was assigned to other staff."
• B)"The composition of this committee needs to be evaluated;some of the members should be reassigned."
• C)"Conflict is a normal stage of group work;we should set ground rules and clarify the goal of this committee."
• D)"We are just not having much fun as a group;we need to have a social gathering to get to know each other as friends."

Record financial transactions using a standard cost accounting system.

Prepare financial statements under a standard cost system.

Understand the impact of standard cost variances on financial statements.

Analyze the effect of variances on the company's profitability.

---

Definitions:

Accounting Concept

Fundamental principles or theories that underpin financial accounting practices, such as the matching principle or accrual basis accounting.

Personal Loan

An unsecured loan given to an individual based on their creditworthiness, without requiring collateral, typically used for personal expenses.

Capital

Financial assets or the financial value of assets, such as cash and goods, used to fund a company or produce more wealth.

Permanent Investment

Investments a company intends to hold for a long duration, typically exceeding one year, for earning dividends or interest income.