Different Types of Budgets

Review Chapters 14 and 35 of Baker’s Health Care Finance: Basic Tools for Nonfinancial Managers, and respond to the following:

• Discuss and explain the difference between an operating budget and a capital expenditure budget.
• Describe how to build an operating budget.
• Discuss the importance of having an operating budget.
• Describe what tools are required to develop a capital expenditure budget.
• Explain the difference between a static budget and a flexible budget.

Remember to use citations and references as appropriate. Your post must follow APA style and formatting guidelines.