Exam 11: Budget Concepts for Client Care

Which of these factors serves typically as the baseline for preparation of an operating budget?

What percentage of operating costs is made up of salaries and benefits?

Which kind of budget takes into account demographics, regulations, and strategic plans?

What is the term for the number and type of personnel needed for a procedure or to care for a fixed number of clients?

Six (6) months of time is generally devoted to preparing and developing an operating budget.

Operating budgets account for income and expenses associated with day-to-day activities. Identify examples of some of the expenses that may be incurred. (Select all that apply.)

Which of these business aspects refers to the recording and reporting of financial transactions and data?

Which type of budget accounts for both revenue and expenditures associated with the day-to-day functions of a department or organization?

What is the usual period for which an operating budget is developed?

What type of budget includes items such as building permits, materials, and labour costs?

Who is responsible for controlling a budget?

Which one of these terms refers to a report that documents and explains when a unit deviates from the approved budget?

In terms of the budget, which category would include a donation coming to an organization?

Which one of the following pairs of terms lists considerations in determining a capital expense?

In relation to budget preparation, which one of these terms refers to the units or subsections within a facility?

What is the collective term for the resources used to deliver services?

Identify budget expenses that would be related to the capital budget.

Which of these terms is the process that details the cost of every supply item and the frequency of its use?

Which of these categories includes investments and billable client services?

Identify budget expenses that would be related to the construction budget.