09 Nov Nursing finance discussion
1. Variable budgets have to meet the need for volumes. List two ways for which a manager can assist to control operations for a variable budget.
2. Describe variance analysis and explain 2 reasons for doing the analysis.
3. What is the difference between a bad outcome and an unfavorable variance?
4. If a nursing unit has rigid staffing, explain how flexible budgeting can be used.
5. Explain the benchmarking technique and the steps for the process.
6. What 5 concepts are associated with a cost benefit analysis?
