Exam 23: Budgeting, Productivity, and Costing Out Nursing

A budget functions as a:

The operating budget covers a specific period, called a _____ year.

Mary is the manager of the critical care unit. She would like to hire a wound care nurse for the unit. The type of organizational budget Mary would use to ensure she can hire the new nurse is called the _____ budget.

Janice is going to give her patient a bath. She has the option of using prepackaged bathing wipes or a bath basin and washcloths. She chooses the bath basin and washcloths because she knows their performance is the same but they are less expensive. Janice's choice is an example of:

A staff nurse's accurate recording of all services and supplies used to provide care to each client in her assignment is necessary for determining calculations used in which of the following budgets?

The phases of the budget process are: (Select all that apply.)

The incorporation of economic evaluation into clinical practice is important to productivity because:

The costs or prices of activities undertaken in the organization's operations are called:

The relationship between output and the goods and services used to produce them is called:

Using resources to maximize health benefits while simultaneously using resources to maximize cost-effectiveness is:

A(n) _____ is a written financial plan aimed at controlling the allocation of resources.

The manager of a rural, thriving, nurse-managed clinic is considering purchasing equipment to furnish two additional examination rooms. The resource he must consider is the _____ budget.

A(n) _____ is the difference between the budgeted and actual amounts.

The process of identifying the specific costs related to the delivery of nursing care to each client so that nurses have data to identify the actual amount of services received is:

A measure of the severity of illness of an individual patient or the aggregate patient population on a unit is called _____.

The management team of a large hospital is attempting to identify the specific cost of providing nursing services. This process is known as:

Staff nurses involvement in budgeting is essential because they:

Supply budgets are a major component of the operating budget. Items such as office supplies, intravenous solutions, instruments, linen, gloves, and other personal protective equipment are examples of _____ costs.

Revenues minus expenses equals:

A(n) _____ is the difference between the budgeted and the actual amounts.