Multiple Choice
The best definition of a budget variance is:
A) The difference between the amount that was budgeted for a specific cost and the actual cost
B) Differences in the budget as a result of increases or decreases in patient volume
C) The difference between budgeted and actual nursing care hours provided
D) The difference between budgeted and actual hourly rates paid
Correct Answer:
Verified
Correct Answer:
Verified
Q4: Nurse managers use variance tables to:<br>A)Show variances
Q5: Controlling is the process of comparing actual
Q6: One of the most challenging aspects of
Q7: Budgeting provides a foundation for:<br>A)Expenditure control<br>B)Managing and
Q8: Continued variances to budgets that are not
Q10: An important step in controlling expenditures and
Q11: One of the more difficult tasks nurse
Q12: What is the definition of inpatient discharges?<br>A)Patients
Q13: A discrepancy in a line-item comparison of
Q14: The advantage of an incremental budget is:<br>A)Line-item