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?