Question: 1. Define a capital budget and give an example. 2. Define operating budget and give an example. 3. Define static and flexible budgets. 4. What

1. Define a capital budget and give an example.
2. Define operating budget and give an example.
3. Define static and flexible budgets.
4. What is forecasting and how is it used in a healthcare organization?
5. What is inflation and how does it affect profit and loss in an organization?
6. Define depreciation and how it affects inventory in a business.

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