Multiple Choice
The best definition of a volume 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
Q31: What are the new total average monthly
Q32: A zero-based budget requires nurse managers to:<br>A)Provide
Q33: Nurse managers use a budget variance report
Q34: CMS financial reimbursement guidelines state that upon
Q35: Health policies usually emerge in the form
Q37: Variances may be indicative of:<br>A)Errors<br>B)Necessary changes<br>C)Lack of
Q38: Federal law provides both legal and ethical
Q39: Inside the revenue category in your departmental
Q40: Successful nurse managers provide ever-increasing justifications of
Q41: In the absence of a state law