The Purpose of Licensing Laws for LPN/LVNs Is To

question 14

Multiple Choice

The purpose of licensing laws for LPN/LVNs is to:

• A) limit the number of LPN/LVNs.
• B) prevent malpractice.
• C) protect the public from unqualified people.
• D) increase revenue for the State Board of Nursing.

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Definitions:

Cash Basis

A financial recording strategy where incomes and costs are documented at the time they are actually exchanged, instead of the moment they are accrued.

Services

Economic activities offered by one party to another, often involving professional support or advice rather than a tangible product.

Incurred

Refers to costs or expenses that have been consumed or utilized in the process of generating revenue.

Accrual-Basis Accounting

A bookkeeping approach that documents income and expenditures at the time they are accrued, irrespective of the actual cash transaction timing.