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Nurse Executive Certification Exam Prep

Category - Nurse Executive Practice Test

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The major difference between a capital budget and an operating budget is that an operating budget addresses:
  1. Patient care equipment less than $1000.
  2. Only staff salaries, benefits and other compensation.
  3. Variable and fixed costs only.
  4. The cost of unit renovation to meet JCAHO standards.
Explanation
Answer: A - Themajor difference between a capital budget and an operating budget is that an operating budget addresses patient care equipment that costs less than $1000. Capital budgets address equipment in excess of $1000 and with an expected duration of usefulness of more than one year.
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