This is a Healtcare Financial Management class! Please answer all questions in depth, thank you!!

This assignment will reinforce concepts of budgeting and how managers are involved in the budgeting process. Instructions: Part A: Answer the following questions: 1. What is the definition of budgeting? 2. What are the ways to riassify budgeting? 3. How would you explait the various management approaches to budgeting? 4. What are the steps in the budgeting process, and how would you describe each step in sequence? 5. Who is responsible for evaluating budget performance? Part B: Scenario Suppose that you are the new CEO at Memorial Hospital. Memorial is a nonproft hospital with 300 beds and is located in a busy metropolitan area directly adjacent to a large university. Memorial is the only hospital within a 20-mile radius of campus, but construction on a new, competing hospital has just started within 5 milles. Identify three forecast content items. How will they be measured? What is the expected status of the content liems in the future? Which forecasting techniques should you use? Why? Detalis: Using the text and other resources, answer the items listed above. Label your work Part A and Part B. Use a narrative style and respond to all aspects of Part A and Part B using APA format for reforences and in-text eltations. Your completed assignment ahould be approximately 3 pages. Submit your assignment to the Unit 7 Assignment Dropbox. Unit 7 Ausignment Grading Rubric. Note. This assignment adapted from: Nowicki, M. (2022). Introduction to the finandia management of healthoare onganaations (deth ed ) Heain Adminiatration Press