The nurse manager meets with upper administration and learns that the strategic plan for nursing is to have 80% BSN staff within the next 3 years. The nurse manager then built her budget to meet the organization's strategic goal by providing tuition reimbursement and flexible work hours, which required some agency staffing. Which approach to budgeting is used?
A) Iterative
B) Top-down
C) Participatory
D) Zero-based

Question

Quizplus · Accepted Answer

The iterative approach is a combination of the top-down and the participatory approach, with upper management defining strategic goals and then unit leaders developing their operating budgets to incorporate their individual goals in conjunction with the organization’s strategic goals.

The Nurse Manager Meets with Upper Administration and Learns That