Practice Quiz

Nurse Manager Exam #1: Financial Management

Category - Financial Management

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Budget forecasting for staffing requires the nurse manager to include variables into the equation. Some of the more important variables that must be considered are:
  1. Staffed beds, cost variance and levels of staffing
  2. The difference between the amount that was budgeted for a specific cost and the actual cost
  3. Unit type, month, day, shift and time
  4. All of the above
Explanation
Answer: C - Unit type, month, day, shift and time. Budget forecasting for staffing requires the nurse manager to include variables into the equation. Some of the more important variables that must be considered are unit type, month, day, shift and time.
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