Choose a budgeting concept/component from chapter 5 or 8 and initiate a discussion. You should define the concept/term and explain it's relevance to the DNP and financial management. Be sure to include supporting literature as well as your text. If a post has been made by 2 students on a topic, please choose another either from the list or from your studies. In week 6, you will be constructing a budget so please read all post. Examples of budgeting concepts/financial components might include (list is not all-inclusive) Workload units of service Full Time Equivalents Hours per patient day or visit Volumes or census Admission, discharge and transfer work intensity Flexible versus static budgeting Direct Cost Indirect Cost Schedule Accountability & Principles Centralized scheduling and staffing Decentralized scheduling and staffing Modified decentralized scheduling and staffing Position Control Contingent Staff LMIs Key Performance Indicators Statement of Financial Position (Balance Sheet) P&L Statement C