Examlex
In some health care facilities,the LPN/LVN is allowed to take telephone orders from a physician.The nurse must be alert and careful when taking verbal orders.One precaution the nurse should take is to:
Variable Cost
Costs that change in proportion to the level of activity or volume of production in a business.
Fixed Costs
Costs that do not vary with the level of output or sales, such as rent, salaries, and insurance expenses.
Depreciation
Depreciation is an accounting method of allocating the cost of a tangible asset over its useful life.
Contribution Margin
The amount by which sales revenue exceeds variable costs, used to cover fixed costs and generate profit.
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