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Author Question: When evaluating the performance of a budget, the nurse manager can use a variance analysis to ... (Read 58 times)

ec501234

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on: Jul 8, 2018
When evaluating the performance of a budget, the nurse manager can use a variance analysis to explain
 
  a. an increased cost due to market changes.
  b. a change in availability of materials.
  c. differences between budget and cost.
  d. one-time event.

Question 2

When using the gathering and planning phase of developing a budget, the nurse manager would expect to find
 
  a. financial objectives of the organization.
  b. environmental assessment.
  c. scheduled budget items.
  d. monitoring of progress.


amandalm

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Reply #1 on: Jul 8, 2018
Answer to Question 1

ANS: C
A variance analysis can explain the reason for a difference between what is budgeted and what was spent. The other options do not address variance analysis.

Answer to Question 2

ANS: B
An environmental survey should be done as the first step in the budget process. The other options are part of another phase.


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