Question: A budget is a plan expressed in dollar amounts that acts as a road map to carry out an organizations objectives, strategies and assumptions. There

A budget is a plan expressed in dollar amounts that acts as a road map to carry out an organizations objectives, strategies and assumptions. There are different types of budgets that healthcare organization use to manage its financial and managerial goals and obligations.

Discuss the difference between an operating budget and a capital budget. What are the steps in creating each budget?

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