Explain why budgets are important to all organizations


1. Define and give examples of fixed, variable and semivariable costs, in Healthcare, along with examples of ways to control the costs in your examples.

2. Explain why budgets are important to all organizations. Expand this discussion by illustrating how different types of budgets are used.

3. How is working capital important to the health care organization of today? Why is it different in health care as opposed to other industries?

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Financial Management: Explain why budgets are important to all organizations
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