1. Revenue and expenses are tracked for:
A. strategic plans
B. competitive analysis
C. operational budgets
D. construction budgets

2. Indirect expenses include:
A. salary of staff providing care
B. gas, electric, phones
C. medical supplies
D. monitoring equipment

3. The following should be reviewed immediately after an operational budget has been put into place:
A. demographic information
B. regulatory influences
C. competitive analysis
D. budget monitoring

Answers to 11 Study Questions

1. C. Operational budgets account for the income and expenses associated with day-to-day activities.

2. B. Indirect expenses are defined as those not directly related to patient care but support care delivery such as. gas, phones, taxes, and postage.

3. D. Monitoring is an important factor in determine if there are positive or negative variations with the budget. Monitoring allows for steps to be taken to correct problems early, should they occur.