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zero based budget - ✔✔budget with every line item approved, not
comparing last year
zero based budget - ✔✔budget linked to strategic objectives and planning
zero based budget - ✔✔A cash flow plan that assigns an expense to every
dollar of your income, wherein the total income minus the total expenses
equals zero
benefits of zero-based budgeting - ✔✔resources allocated based on
needs/benefits, avoid scope creep, minimize waste, ensure alignment with
goals
Disadvantage of zero based budgeting - ✔✔requires lots of staff time,
planning, and paperwork, subjectivity in ranking decision packages, require
financial expertise, require a lot of data
salary dollar budget calculation - ✔✔Salary dollars per patient day ($___) x
# of patient days per unit per day (___) x 365 days
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, ie-$1000 x 10 x 365=3,650,000
ADC calculation - ✔✔budgeted patient days for year / # of days in year
(365) =
ie- 15000/365=41
recruitment budget calculation - ✔✔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
Marketing - ✔✔the activity, set of institutions, and processes for creating,
communicating, delivering, and exchanging offerings that have value for
customers, clients, partners, and society at large
image building / public relations
4 P's of Marketing - ✔✔Product, Price, Place, Promotion
Civil Rights Act of 1964 - ✔✔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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©JOSHCLAY 2024/2025. YEAR PUBLISHED 2024.