Budgeting

Question 1

Systematic financial translation of a plan

Answer 1

Budgeting

Question 2

Standing plans used repeatedly

Answer 2

Policies

Question 3

More specific guide to action than policy

Answer 3

Procedures

Question 4

The minimal level of achievement acceptable to meet the set
objectives

Answer 4

Standards

Question 5

Developed and imposed by the controller, administrator and/or director of nursing with little to no consultation with lower level managers

Answer 5

Centralized Budget

Question 6

Has the middle level manager involved in the planning and budgeting process with ARA placed on the practitioner level

Answer 6

Decentralized Budget

Question 7

Summarizing the income

Answer 7

Revenue budget

Question 8

Describing expected activity

Answer 8

Expense budget

Question 9

Programmed acquisitions, disposals and improvements in

Answer 9

Capital budget

Question 10

Consists of money received, cash receipts and disbursement expected during the planning period.

Answer 10

Cash budget

Question 11

This budget includes wages, salaries, and compensations paid to permanent employees.

Answer 11

Manpower Budget

Question 12

This budget requires long-range planning. It includes purchases of land, equipment, buildings or expansion of existing building or plant.

Answer 12

Capital Expenditure Budget

Question 13

This budget includes purchase of minor equipment, repairs, supplies or overhead expenses.

Answer 13

Operating Budget

Question 14

Single cost estimate for each program

Answer 14

Open-ended Budget

Question 15

Spending limit is set

Answer 15

Fixed-ceiling Budget

Question 16

Contains several financial plans for each level of activity.

Answer 16

Flexible Budget

Question 17

Based on the functions and activities.

Answer 17

Performance Budget

Question 18

Cost are computed for a program as a whole.

Answer 18

Program Budget

Question 19

Cost of all programs, both old and new.

Answer 19

Zero-based Budget

Question 20

“Self-destruct” within a prescribed period.

Answer 20

Sunset Budget

Question 21

Designed to meet future service expectations, to provide quality patient care at mínimum cost.

Answer 21

Hospital Budget

Question 22

Allocates resources for nursing programs and activities to deliver patient care during a fiscal year.

Answer 22

Nursing Budget

Question 23

The nurse classifies the patient in the category that most closely describes the care received.

Answer 23

Descriptive

Question 24

Divides descriptions of care routines into activity categories such as eating and bathing.

Answer 24

Checklist

Question 25

Assign a value unit (usually a measure of time) to various activities of patient care.

Answer 25

Time Standard

Question 26

Budgeting stimulates thinking in advance.

Answer 26

Planning

Question 27

Budgeting also encourages coordination among different persons involved in the process, from the top to bottom.

Answer 27

Coordination