The chief nursing officer needed to make changes in the staffing budget because the hospital was opening an additional 10 beds to the emergency department. The nursing administrator had to look at what type of costs?
a. Variable costs
b. Sunk costs
c. Semivariable costs
d. Marginal costs
Question 2A nurse manager uses what technique to help control costs?
a. Delegating appropriate tasks to unlicensed personnel
b. Comparing costs with those of other departments
c. Calculating the break-even points on an item
d. Conducting comparisons in monetary units
Question 3The nurse manager needs to determine the most economical level of inventory, because supplies represent a significant cost factor. To keep costs down, the nurse manager places small orders frequently. This is an example of reducing what kind of cost?
a. Order cost
b. Carrying cost
c. Short cost
d. Stock-out cost
Question 4The hospital is promoting a healthy living program for its employees. On what part of cost containment is the hospital focusing?
a. Cost fairs
b. Cost management
c. Cost avoidance
d. Cost reduction
Question 5The nurse manager reviews the unit's budget quarterly. One advantage of such a budget review is that:
a. It is time consuming and expensive
b. Corrective measures can be taken
c. The budget converts organizational performance into monetary values
d. The budget supersedes the agency goals
Question 6The hospital established the financial responsibilities of the personnel who are part of the budgetary process. The function of the nurse managers and department heads during the budgetary process is to:
a. Provide general planning expertise
b. Formulate and execute the budget by using guidelines
c. Establish a completion timetable
d. Prepare and review goals and objectives, and compile the budgets for their departments
Question 7A nurse manager acts as a fiscal manager on the unit. The nurse manager's most likely duty is to:
a. Be proactive in the fiscal planning
b. Guide the formulation of justification for requests for resources
c. Coordinate the fiscal planning
d. Analyze expenses
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