Budget Concepts For Client Care

5 Questions

Settings
Please wait...
Care Quizzes & Trivia

Questions and Answers
  • 1. 
    An operating budget accounts for which of the following? 
    • A. 

      The purchase of minor and major equipment

    • B. 

      Construction and renovation

    • C. 

      Income and expenses associated with daily activity within an organization

    • D. 

      Applications for new technology

  • 2. 
    How can revenue be generated?
    • A. 

      Client accommodation

    • B. 

      Donations to service organizations

    • C. 

      Use of generic drugs

    • D. 

      Messenger and escort activities

  • 3. 
    Which of the following describes the functions of cost centres?
    • A. 

      They develop historical and demographic information

    • B. 

      They track expense line items

    • C. 

      They plan for strategic growth and movement

    • D. 

      They track financial data within a department or unit

  • 4. 
    What is the purpose of monitoring a budget?
    • A. 

      To keep expenses above budget

    • B. 

      To maintain revenue above the previous year's budget

    • C. 

      To ensure revenue is generated monthly

    • D. 

      To generate revenue and control expenses within a projected framework

  • 5. 
    Productivity can be measured by which of the following factors?
    • A. 

      The number of beds in a hospital

    • B. 

      The cost for services rendered

    • C. 

      Past performance history and history regarding revenue

    • D. 

      The volume of services delivered