Compare the fixed operating budget approach to the flexible operating budget approach as outlined in your text book and readings.
Describe these two budget methodologies. Include enough detail for the reader to follow and understand the methodology.
Comparison: (40%)
Construct a table and compare the 2 types of budget methodologies in the following categories:
Advantages and disadvantages to the nurse leader in monitoring compliance
Operations best suited to each type of budget
Impact on the correlation to patient care
Ability to take variances into account
Example of Budget (20%)
