Nurse Managers Utilize Outcomes Data to Make Decisions About Nursing

question 11

Multiple Choice

Nurse managers utilize outcomes data to make decisions about nursing care effectiveness. Which data elements would be most effective in evaluating potential retention in a nursing unit (select all that apply) ?

• A) Staff satisfaction
• B) Turnover
• C) Pressure ulcer rates
• D) Patient falls
• E) Productivity

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Definitions:

Price Discrimination

The strategy of selling the same product at different prices to different groups of consumers, based on their willingness to pay or other distinguishing factors.

Arbitrage

The practice of buying and selling the same assets in different markets to take advantage of differing prices for the same asset.

Antitrust Laws

Legislation enacted to prevent monopolies or unfair business practices that restrict free competition, thereby protecting consumers and ensuring a fair market environment.

Natural Monopoly

A type of monopoly that exists due to the high cost or complexity of operating in a specific industry, which effectively prevents other competitors.