The Nurse Manager Is Creating the Budget for the Next

question 23

Multiple Choice

The nurse manager is creating the budget for the next fiscal year. Because the client census has been higher in the past year, more supplies were used. Which type of cost does this reflect?

• A) Fixed costs
• B) Variable costs
• C) Direct costs
• D) Zero-based costs

Analyze and construct various types of graphical data representations like dot plots, bar charts, and pie charts.

Understand and apply the concept of class width in frequency distributions.

Identify and address potential biases or misleading interpretations in data analysis.

Employ stem-and-leaf displays for simple data visualization and analysis.

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Definitions:

Opinion

A belief or judgment formed about something, not necessarily based on fact or knowledge.

Corporate Social Responsibility

A business model that helps a company be socially accountable—to itself, its stakeholders, and the public; it involves practicing good citizenship through sustainable business operations and philanthropy.

Sarbanes-Oxley Act

U.S. legislation enacted in 2002 to protect investors from fraudulent financial reporting by corporations, requiring strict adherence to accounting standards and the establishment of internal controls.

Internal Control

Internal control encompasses the policies and procedures implemented by a business to safeguard its assets, ensure accurate financial reporting, promote accountability, and prevent fraud.