Question

7. Answer the following budget related questions:

a. Define a budget and describe how management uses them.

b. List sources of variances between budgeted and actualamounts.

c. List and describe the major types of budgets.

d. Explain how benchmarking is performed at the departmentlevel.

Approximately 2 paragraphs per question (reference/ sourcematerial- Chapter 16 text book).

Reference/ Textbook: | Essentials of Health Care Finance |Edition: 7

citation APA style.

Thank you so much

Kind regards