Nurse Manager Exam #1: Financial Management

An important step in controlling expenditures and ultimately profit is by creating a budget. With ever narrowing profit margins, each department needs to keep careful track of expenses. Some things included in a departmental budget are salaries, office expenses, utilities, repairs, and maintenance. The following questions relate to creating your departmental budget, sometimes called an organizational budget.Departmental budgets are usually broken down with two main but equally important categories. They are: