1. zero based budget ANS >> budget with every line item approved, not comparing last year
2. zero based budget ANS >> budget linked to strategic objectives and planning
3. zero based budget ANS >> A cash flow plan that assigns an expense to every dollar of your income, wherein
the
total income minus the total expenses equals zero
4. benefits of zero-based budgeting ANS >> resources allocated based on needs/benefits, avoid scope
creep, minimize waste, ensure alignment with goals
5. Disadvantage of zero based budgeting ANS >> requires lots of statt time, planning, and
paperwork, subjectivity in ranking decision packages, require financial expertise, require a lot of data
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, 6. salary dollar budget calculation ANS >> Salary dollars per patient day ($ ) x # of patient
days per unit per day ( ) x 365 days
ie-$1000 x 10 x 365=3,650,000
7. ADC calculation ANS >> budgeted patient days for year / # of days in year
(365) = ie- 15000/365=41
8. recruitment budget calculation ANS >> average salary of job being replaced x # of hours in
orientation & for preceptor x anticipated # of new hires in 12 month period + incremental increase in replacement
costs + Recruiting cost
*Average national cost / RN=$65k
9. Marketing ANS >> the activity, set of institutions, and processes for creating, communicating, delivering,
and ex- changing otterings that have value for customers, clients, partners, and society at large
image building / public relations
10. 4 P's of Marketing ANS >> Product, Price, Place, Promotion
11. Civil Rights Act of 1964 ANS >> This act made racial, religious, and sex discrimination by employers illegal
and
gave the government the power to enforce all laws governing civil rights, including desegregation of schools and public
places.
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