Different Types of Budgets

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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.

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