Budgeting

Front

Budgeting is defined as a planned expenditure for a set time period along with proposals for financing it.

Back

True

Front

Do fixed costs vary on output & change over time?

Back

False

Front

An example of a fixed cost expense is...

Back

rent

Front

The role of an OT manager in budgeting includes...

Back

All of the above: Balance the costs of business against reimbursement, maximize company resources, maintaining an organized system.

Front

Break-even point is defined as a 12-month period for gathering financial information.

Back

False

Front

Do variable costs vary with output and change over time?

Back

True

Front

An example of a variable cost is..

Back

utilities

Front

An understanding of social change can give clinics a heads up about the future of the market.

Back

True

Front

Depreciation of capital assets include computers & larger therapy equipment, such as fluidotherapy machines.

Back

True

Front

Does budgeting fall into the IADL of household management?

Back

False