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Author Question: A nurse manager approves two staff nurses to attend a national conference. When reviewing the ... (Read 65 times)

jparksx

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A nurse manager approves two staff nurses to attend a national conference. When reviewing the budget, the nurse manager looks at which line item?
 
  a. Cash budget
  b. Capital budget
  c. Operating budget
  d. Supply and expense budget

Question 2

After reviewing her monthly budget report, the nurse manager sees that she has a negative variance, which prompts her to change the staffing schedule. A negative or unfavorable variance in a monthly expense report may result from:
 
  a. Overestimation of inflation.
  b. Higher than expected client acuity.
  c. Net revenue exceeding net expenses.
  d. Not replacing staff who called in sick.



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shaquita

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Answer to Question 1

ANS: C
The operating budget includes a personnel budget, which takes into account productive and nonproductive paid work hours. Education hours are covered under nonproductive paid work hours in the operating budget.

Answer to Question 2

ANS: B
Variance reflects the difference between what was projected and the actual performance in a budget. When the variance is negative or unfavorable, the amount spent is more than what was budgeted (expenses exceed revenue); this may be a result of higher acuity. To help managers interpret and use variance information better, some institutions use flexible budgets that automatically account for census variances.




jparksx

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Reply 2 on: Jul 8, 2018
Thanks for the timely response, appreciate it


Sarahjh

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Reply 3 on: Yesterday
Wow, this really help

 

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