Nursing Leadership And Management Practice Questions Related

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The nurse manager compares the actual results of the budget with the projected results of the budget. What budgeting process is this?

  • A. Variable budgeting
  • B. Controlling
  • C. Revenue sharing
  • D. Incremental budgeting
Correct Answer: B

Rationale: The correct answer is B: Controlling. The nurse manager comparing actual results with projected results is part of the controlling function of budgeting. Controlling involves monitoring performance against the budget to identify any variations and taking corrective actions if necessary. Variable budgeting focuses on adjusting the budget based on different levels of activity, not comparing actual vs. projected results. Revenue sharing pertains to distributing revenues among different entities. Incremental budgeting involves making small adjustments to the previous budget without a thorough review like in controlling. Thus, the comparison of actual vs. projected results aligns with the controlling function of budgeting.