The process of operational budgeting in a health care organization begins __________
a. many months before the budget is submitted for approval
b. the first day of the fiscal year
c. the last day of the fiscal year
d. once input is received from external stakeholders
a
a. Correct: The budgeting process begins in large health care organizations many months before the budget is submitted for approval to a governing body.
b. Incorrect: The budgeting process begins in large health care organizations many months before the budget is submitted for approval to a governing body, not on a specific day of fiscal the year.
c. Incorrect: The budgeting process begins in large health care organizations many months before the budget is submitted for approval to a governing body, not on a specific day of fiscal the year.
d. Incorrect: In the budgeting process for health care organizations, input is received from both internal and external stakeholders.
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