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The Nurse Is Reviewing a Proposal for Changing the Type

question 5

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The nurse is reviewing a proposal for changing the type of needleless systems currently used to administer intravenous (IV) medications in the hospital.Which part of the proposal most effectively supports the proposed change?


Definitions:

Collection Float

The amount of time it takes for money from checks or other types of payments to be processed and available in the company’s account.

Disbursement Float

The interval between the issuance of a check and the actual deduction of the amount from the issuer's account.

Lockbox System

A service provided by banks to companies for the collection of payments from customers, whereby payments are sent to a special post office box instead of to the company.

Cash Concentration Account

A bank account used by companies to consolidate and manage cash from multiple locations or accounts, improving liquidity management.

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