Question 1

A nurse manager is planning to request three new infusion pumps at a cost of approximately $1500 each.This item would typically be included in which budget?

Accepted Answer

A)  Operating 
B)  Strategic 
C)  Unit of service 
D)  Capital

Question 2

The rising cost of health care in the United States is stimulated by which of the following ?

Accepted Answer

A)  Consumers' attitudes 
B)  Population demographics 
C)  Managed care 
D)  Medical treatment patterns 
E)  Attitudes of healthcare staff

Question 3

The primary reason for calculating productive hours paid instead of simply calculating work paid per year is that productive hours enable the manager to:

Accepted Answer

A)  Anticipate total costs for patient care. 
B)  Know how much time staff will likely be unavailable because of illness. 
C)  Determine when orientation needs to occur for new staff. 
D)  Determine the number of hours available for patient care.

Question 4

In preparing her budget,a nurse manager determines that she needs to budget for six FTE RN positions in the upcoming year.Based on a 40-hour week,this means that the nurse manager has determined that the budget will provide for _____ hours.

Accepted Answer

A)  12,480 productive 
B)  10,820 productive 
C)  12,480 paid 
D)  10,800 patient care

Question 5

During the budgeting process,nurse managers are typically responsible for which of the following ?

Accepted Answer

A)  Calculating workload 
B)  Developing unit operation objectives 
C)  Justifying capital equipment requests 
D)  Predicting cash flow 
E)  Calculating patient load

Question 6

The chief nursing office of a Magnet™ hospital has conducted a study of ways to improve healthcare services.Healthcare services that add value for clients:

Accepted Answer

A)  Accomplish healthcare goals. 
B)  Minimize costs. 
C)  Decrease the number of services used. 
D)  Use high-technology treatments.

Exam 12: Managing Costs and Budgets