Practice Quiz

Nurse Manager Exam #1: Financial Management

Category - Financial Management

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The budget's purpose is to:
  1. Allow management to project action plans and their economic impact on the future so that objectives of the organization are coordinated and met
  2. Allow floor staff to provide anticipated patent care
  3. Hire ancillary employees while controlling work hours
  4. Provide a line-item monetary profit / loss projection
Explanation
Answer: A - Allow management to project action plans and their economic impact on the future so that objectives of the organization are coordinated and met. A budget’s purpose is to allow management to project action plans and their economic impact on the future so that objectives of the organization are coordinated and met.
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