Author Question: Which of the following are tools the nurse manager can use when developing a budget? a. High-low ... (Read 485 times)

mmm · **on:** Jul 8, 2018

Which of the following are tools the nurse manager can use when developing a budget?

a. High-low cost estimation, regression analysis, and break-even analysis
b. Regression analysis, break-even analysis, and t-test
c. Break-even analysis, high-low cost estimation, and balanced scorecard
d. T-test, balanced scorecard, and regression analysis

Question 2

Three of the six interventions to help reduce morbidity and mortality in the United States developed by the Institute for Healthcare Improvement (IHI) are:

a. deploying rapid response teams, improving the care for myocardial infarctions, andemploying time outs.
b. promoting medication reconciliation, preventing central line infections, and using theSBAR technique.
c. preventing ventilator-assisted pneumonia, deploying rapid response teams, and promotingmedication reconciliation.
d. preventing surgical site infections, using the SBAR technique, and deploying rapid
response teams.

krakiolit · **Reply #1 on:** Jul 8, 2018

Answer to Question 1

A
Budget planning involves developing a formal quantitative plan for acquiring and distributing funds
over a specified period of time by utilizing some means of cost prediction. Tools that are useful to this
process are high-low cost estimation (good for measuring the cost of items that tend to remain
relatively constant), regression analysis (examines all available cost information over a period of
time), and break-even analysis (helps to predict the volume of services that must be provided for the
overhead of these services to be evenly matched by the payment received without either a profit or
loss).

Answer to Question 2

C
The six interventions developed by the IHI as part of their 100,000 Lives Campaign to reduce patient
morbidity and mortality are: preventing ventilator-assisted pneumonia, deploying rapid response
teams, promoting medication reconciliation, improving the care of patients with myocardial infarction,
preventing central line infections, and preventing surgical site infections.