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Nurse Manager Exam #1: Financial Management

Category - Financial Management

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The nurse manager prepares a monthly financial statement that identifies actual revenues and expenses and compares those to the monthly break down of the annual budget. In order to effectively monitor the budget, the nurse manager must:

Compare each line-item to the projected budget
Compare yearly profit/ loss ratios for the last 36 months
Compare overall totals and amortize
None of the above

Explanation

Answer: A - Compare each line-item to the projected budget. In order to effectively monitor the budget, the nurse manager must compare each line-item to the projected budget.

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Nurse Manager Exam #1: Financial Management

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Nurse Manager Exam #1: Financial Management

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