A Nursing Unit's Census Consists Primarily of Long-Term Residents with a High

question 1

Multiple Choice

A nursing unit's census consists primarily of long-term residents with a high risk for falls.To meet new safety regulations,the nurse manager must plan to replace all 50 patient beds with new beds equipped with Fall Watch electronic sensors.The manager will be involved in which type of budgeting to replace the beds?

• A) Fiscal
• B) Labor
• C) Operational
• D) Capital

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Definitions:

Rent Expense

An expenditure recorded by a company for the use of rental property or equipment.

Post-Closing Trial Balance

A summary of all account balances in a company's general ledger after closing entries are made, serving to verify the equality of debits and credits.

Financial Statements

Documents that provide an overview of a company's financial condition in both short and long term, including the balance sheet, income statement, and cash flow statement.

Closing Entries

Journal entries made at the end of an accounting period to transfer the balances of temporary accounts to permanent ones, thereby preparing the accounts for the next period.