The Nurse Is Deciding Whether or Not to Obtain Personal

question 21

Multiple Choice

The nurse is deciding whether or not to obtain personal liability insurance,even though the organization has insurance for each employee.What must the nurse do to ensure the organization's liability insurance provides adequate coverage against liability?

• A) Follow institutional policies.
• B) Have premiums payroll-deducted.
• C) Understand the state's tort laws.
• D) Provide professional nursing care.

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Definitions:

Required Rate

The minimum rate of return that an investor expects or requires from an investment to make it worthwhile.

Timeframe

The period during which certain actions are supposed to occur or a particular event is planned to take place.

Present Value

The current worth of a future sum of money or stream of cash flows, given a specified rate of return. Present value accounts for the time value of money.

Interest Rate

The financial obligation a borrower incurs to a lender, calculated as a percentage of the principal, for the right to use certain assets.