Exam (elaborations)
Module 8_ chapters 15, 16, and 17 budgeting, recruiting, staffing_scheduling.
- Module
- Geography Unit 1
- Institution
- Geography Unit 1
Module 8_ chapters 15, 16, and 17 budgeting, recruiting, staffing_scheduling.
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Module 8: chapters 15, 16, and 17budgeting, recruiting, staffing/scheduling
to plan budgeting - CORRECT ANSWER-population demographics, revenue
sources, data, supply increases, costs, staff mix; takes 3-6 months; initiated by
first-level manager
approaches to budgeting - CORRECT ANSWER-cost, revenue, profit, and
investment centers
budget identifies - CORRECT ANSWER-physical renovations, new construction,
new or replacement equipment
incremental budget - CORRECT ANSWER-simplicity in preparation, but
discourages cost efficiency; line-by-line; expense line is divided into salary and
non-salary items
zero-based budget - CORRECT ANSWER-every expense is justified, but
process is time-consuming; assumes base for next year's budget to be zero;
requires managers to justify activities as if they are initiated for the first time
variable budget - CORRECT ANSWER-adjusted based on changes in revenues,
patient census, utilization of supplies, etc
operating budget - CORRECT ANSWER-annual budget; coincides with fiscal
year of the organization
revenue budget - CORRECT ANSWER-patient care income expected for the
budget period; projections based on volume, patient mix, discounts,
reimbursement rates
expense budget - CORRECT ANSWER-salary and nonsalary; should reflect
patient care objectives for the nursing unit
direct vs indirect costs - CORRECT ANSWER-affects patient care or doesn't
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