Which Component of Budgeting Might Normally Be Addressed in the Annual

question 5

Multiple Choice

Which component of budgeting might normally be addressed in the annual performance evaluation for a nurse manager?

• A) Including in the labor budget costs for overtime and benefits
• B) Managing variances in nursing overtime costs and supply usage
• C) Accurately predicting revenues based on unit-of-service
• D) Providing qualitative analysis for variances in the capital budget

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Definitions:

Demand Curve

A graph showing the relationship between the price of a good and the quantity demanded by consumers.

Income

The financial return or earnings from employment, investments, or business ventures.

Income Effect

The change in consumption that results from a change in real income, holding prices constant.

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