The Nurse Manager Tells the Staff That This Year's Budget

question 8

Multiple Choice

The nurse manager tells the staff that this year's budget numbers will not change, even if census drops over the rest of the year. How should the staff interpret this information?

• A) The budget is a fixed one.
• B) The hospital uses incremental budgets.
• C) The hospital uses a variable budget.
• D) The hospital starts the budgeting process with a zero-based budget.

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Definitions:

Decision-Making Model

A structured approach or process used to guide the making of choices or decisions.

Creativity And Innovation

The ability to generate new ideas, solutions, or products and the process of implementing these novel solutions in practice.

Exploitative Innovation

Innovation strategies that focus on improving or optimizing existing products, services, or processes within an organization.

Enhancement

The process of improving or augmenting the quality, value, or strength of something.