Practice Quiz

Nurse Manager Exam #1: Financial Management

Category - Financial Management

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Why is it essential to consider goals and objectives when developing a budget?
  1. It helps define services to be provided
  2. It provides a roadmap of needed staff, supplies and services to be offered
  3. It helps clearly identify variances
  4. All of the above
Explanation
Answer: B - It provides a roadmap of needed staff, supplies and services to be offered. It is essential to consider goals and objectives when developing a budget as it provides a roadmap of needed staff, supplies and services to be offered.
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