× Didn't find what you were looking for? Ask a question
Top Posters
Since Sunday
r
4
L
4
3
d
3
M
3
l
3
V
3
s
3
d
3
a
3
g
3
j
3
New Topic  
H0602x H0602x
wrote...
Posts: 498
Rep: 0 0
6 years ago
Nurses on a unit met with the nurse manager as part of participatory budgeting.
 
  They ask, What exactly is the difference between fixed and variable costs? Understanding this will help us better understand the budgeting process. The manager provides a definition and asks the staff to list types of direct and indirect cost. Which example would indicate a need for further teaching?
  a. Fixed costs would include accreditation fees.
  b. Fixed cost would include the cost for the automated medication-dispensing system.
  c. Variable cost would include the nurse manager's salary.
  d. Variable cost would include the salary expense for registered nurses.



A nurse has recently been appointed to the position of nurse manager. To become successful in managing the unit's budget, the new nurse manager should: (Select all that apply.)
 
  a. read the financial policy manual to learn more about the organization's budgeting process.
  b. allow the nursing administration office to manage the unit's budget until he or she is able to complete an online financial management course.
  c. communicate regularly with a person in the hospital's finance office about interpreting budget reports.
  d. pay attention to only the bottom line numbers in budget reports rather than trying to understand each line in these reports.
  e. discuss the process of developing budgets with other members of the management team.



A nurse manager has calculated that providing 75 hours of direct nursing care per day requires that 120 hours must actually be worked by nursing staff. The manager is involved in: (Select all that apply.)
 
  a. developing the capital budget.
  b. applying productivity metric.
  c. monitoring the labor budget.
  d. incremental budgeting processes.
  e. addressing budget assumptions.



The nursing executive team met to review last year's productivity metric to strategize for the upcoming year's metric. The team wants to be certain the productivity metric shows productivity was:
 
  a. high.
  b. low.
  c. balanced.
  d. iterative.
Read 206 times
1 Reply
Replies
Answer verified by a subject expert
andrea63857andrea63857
wrote...
Top Poster
Posts: 754
Rep: 7 0
6 years ago
Sign in or Sign up in seconds to unlock everything for free
This verified answer contains over 510 words.
1

Related Topics

H0602x Author
wrote...

6 years ago
This site is awesome
wrote...

Yesterday
Smart ... Thanks!
wrote...

2 hours ago
Good timing, thanks!
New Topic      
Explore
Post your homework questions and get free online help from our incredible volunteers
  1983 People Browsing
Related Images
  
 356
  
 1089
  
 303
Your Opinion
Who's your favorite biologist?
Votes: 608