The Nurse Manager Has Identified That There Are Areas in the Hospital

question 22

Multiple Choice

The nurse manager has identified that there are areas in the hospital and on her unit where money could be saved. She has decided to look into these areas to see what plans can be made. According to the four guiding principles of health care sustainability, the nurse supervisor knows that eliminating inefficiencies, unsafe practices, and waste are examples of meeting which of the following guiding principles? (Select all that apply.)

• A) accountability for results
• B) value for money
• C) fair and timely access
• D) appropriateness

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Definitions:

Required Return

The minimum return an investor expects to achieve on an investment, considering its risk level.

Internal Rate of Return

A financial metric used to gauge the profitability of potential investments.

NPV

An evaluation metric used to estimate the profitability of an investment or project by calculating the difference between the present value of cash inflows and outflows.

Capital Budgeting Analysis

The process of evaluating and selecting long-term investments that are in line with the goal of shareholder wealth maximization.