Author Question: The nursing professors are asked by the department chairperson to submit a list of equipment that ... (Read 104 times)

melina_rosy · **on:** Jul 8, 2018

The nursing professors are asked by the department chairperson to submit a list of equipment that could used to meet the department's objectives.

The list includes 12 new computers, a mannequin for the nursing laboratory, and special software to use with the mannequin during scenarios. The department chairperson categorizes these items into which type of budget?
1. Capital budget
2. Operating budget
3. Personnel budget
4. Supply budget

Question 2

The nurse manager is preparing to perform budgeting activities. According to the budgeting process, rank the following in order:

_____ Review organizational goals and future projections.
_____ Prepare the new budget using a budget worksheet.
_____ Review the unit's financial performance.
_____ Review each variance with nurse supervisor.
_____ Identify all significant variances, and determine the amount of control that can be exerted over the variance by the nurse manager.

vickybb89 · **Reply #1 on:** Jul 8, 2018

Answer to Question 1

Answer: 1
Rationale: All of these different types of budgets will assist the organization in meeting objectives. These items belong in the capital budget. They are unusual expenses that do not recur year after year. The operating budget is used to purchase supplies and pay personnel to allow the unit to function in accordance with organizational objectives. They do not belong in the personnel budget. The personnel budget is comprised of money used to pay staff members or faculty members for work performed. The items in the question are not a piece of the supply budget because they are not supplies that need to be replenished frequently.

Answer to Question 2

Answer:
1. Review the unit's financial performance.
2. Identify all significant variances, and determine the amount of control that can be exerted over the variance by the nurse manager.
3. Review organizational goals and future projections.
4. Review each variance with nurse supervisor.
5. Prepare the new budget using a budget worksheet.