A nursing unit's census consists primarily of long-term residents with a high risk for falls
To meet new safety regulations, the nurse manager must plan to replace all 50 patient beds with new beds equipped with Fall Watch electronic sensors that will detect when patients get out of bed. The manager will be involved in which type of budgeting to replace the beds?
a. Fiscal
b. Labor
c. Operational
d. Capital
ANS: D
Correct: Capital budgets are concerned with major purchases such as equipment paid for over several years.
Incorrect:
a. A fiscal budget is projected over 12 months, whereas capital budgets involve long-term financial planning.
b. Labor budgets are concerned with salaries, wages, and employee benefits.
c. Operational budgets are composed of expenses needed to operate on a daily basis and revenue received for services rendered.
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