Author Question: The nursing professor is asked by the chairperson of the department to submit a list of equipment ... (Read 74 times)

rayancarla1 · **on:** Jul 8, 2018

The nursing professor is asked by the chairperson of the department to submit a list of equipment that could be used to meet the departments goals. The list includes projectors, computers, office supplies, and computer-assisted programs.

The nurse professor categorizes the projectors, computers, and computer-assisted programs into which type of budget? 1. Expense budget
2. Revenue budget
3. Capital budget
4. Operating budget

Question 2

The staff nurse has recently completed 25 years of continuous employment and will receive a 5 percent raise calculated on base pay. The staff nurse states, This is a cost-of-living raise to her manager.

The manager informs the nurse this type of raise is a: 1. Merit raise.
2. Premium.
3. Cost-of-living raise.
4. Bonus.

Joc · **Reply #1 on:** Jul 8, 2018

Answer to Question 1

3
Explanation: 1. A capital budget is a component of the budget plan that includes equipment and renovations
needed by an organization in order to meet long-term goals. A revenue budget is a projection
of expected income for a budget period based on volume and mix of patients, rates, and
discounts. An expense budget is a comprehensive budget that lists salary and nonsalary items
that reflect patient care objectives and activity parameters for the nursing unit. An operating
budget is the organizations statement of the expected revenues and expenses for the upcoming
year.

Answer to Question 2

1
Explanation: 1. A merit raise is one that is given to an employee as a reward for completing a specific number
of years of service. Merit raises are calculated on base pay. A premium is a fixed dollar amount
added to the base hourly rate of eligible personnel. Cost-of-living raises are factored into
budget projections and are not related to shift work or merit. A bonus is a specific amount of
money awarded as a one-time payout and is not based on base hourly pay.