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    Chapter 15 – 16

    Answer each of the following questions:

    1. Describe the existing needs for cost information in healthcare firms.

    2. Describe how cost information relates to the three key activities of management: planning, budgeting, and control.

    3. Define a budget and describe how management uses them.

    4. Explain the concept of management control and how budgeting is used as part of it.

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