Final answer:
The process for licensure from one state to another for graduates who have passed the NCLEX-PN is known as endorsement. Occupational licenses serve to validate the qualifications of professionals across many fields in the labor market.
Step-by-step explanation:
The process of a graduate being able to practice in another state after passing the NCLEX-PN examination and meeting the other state's educational requirements is called endorsement. Occupational licenses, such as for doctors, teachers, nurses, and engineers indicate that the professional has met certain educational or examination standards, which are typically issued by government agencies. These licenses are crucial in establishing the quality and reliability of professionals in the labor market, which is why about 29% of U.S. workers in various fields are required to have such licenses.