Exam 14: Financial Management

Support costs must be included in the budget.Which employee position would be included in the support or indirect costs part of the operating budget?

From which of the following would a nurse manager expect to receive revenue?

Indirect costs in a nurse manager's budget would include:

A nurse consistently remains past her shift for report or charting.The amount of overtime accumulated is equivalent to a full-time nurse's salary for 1 month.The nurse manager counsels the nurse and emphasizes that one of the responsibilities to the institution is:

A positive budget variance can be identified by which situation?

Which of the following would explain a nurse manager's use of position control in monitoring the budget?

When using the gathering and planning phase of developing a budget,the nurse manager would expect to find:

When planning the purchase of new equipment,the nurse manager should include these items into which type of budget?

Unit yearly budgets may change based on variances.What does the nurse manager understand to be the cause of budget variances?

To determine staffing needs,the nurse manager needs to:

When developing a zero-based budget,nurse managers understand:

When evaluating the performance of a budget,the nurse manager can use a variance analysis to explain:

A new drug reference book is needed for a unit.The nurse manager would plan to pay for this from which budget?

The nurse manager understands that when there is a negative variance of the budget report,it is necessary to establish the cause.Which of the following might best explain a negative variance?

When developing an incremental type budget,the nurse manager understands:

In addition to determining the number of patient care hours needed,the nurse manager must also include which other labor costs?

The personnel budget is based on the calculations of which factors? Select all that apply.

A proactive budget should incorporate which situation?

When assessing the staffing needs,the nurse manager must consider which of the following in addition to the patient care hours?

A community health center leases space from the owner of the building.As the manager develops the budget,they understand this to be a fixed cost.From which of the following would the lease payment be paid?