Practice Quiz

Nurse Manager Exam #1: Financial Management

Category - Financial Management

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Choose the best definition of a budget:

  1. A budget is an overall statement of revenue and expenses
  2. A budget is a quantitative overview of profit, loss, revenue, and expenses
  3. A budget is a statement of the plans and expectations of a defined area over a specified period of time
  4. A budget is a statement of the plans and expectations of a defined area over a period of time longer than two weeks
Explanation

Answer: C - A budget is a quantitative statement, usually in monetary terms, of the plans and expectations of a defined area over a specified period of time.

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