Examlex
The nurse has a patient with a tunneled central line with a triple-lumen catheter.The insertion site is covered by an occlusive dressing with yesterday's date.The nurse is to give an IV drug through the central line.The nurse would initially:
Actual Rate Per Hour
The true cost or payment rate for labor or services rendered, calculated on an hourly basis.
Standard Rate Per Hour
The predetermined cost or rate applied to labor or services per hour for budgeting and costing purposes.
Ideal Standards
Strictly defined benchmarks in cost accounting that assume perfect efficiency and effectiveness in operation.
Normal Standards
Benchmarks used for budgeting and performance evaluation, representing expected efficiency and costs under normal conditions.
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