1. Which type of budget - statistics, revenue, expense, operating - explicitly includes volume projections in terms of visits, admissions, etc? (Select one) 2. Which type of budget - statistics, revenue, expense, operating - directly estimates expected profit/oss for a given budget period? (Select one) 3. Which type of budget - static, flexible, actual - incorporates changes in the actual volume of service realized for a given budget period? (Select one) 4. Interpret the meaning of a profit variance of $50,000 (negative). 5. Interpret the meaning of a revenue variance of $100,000 (positive). 6. Identify two factors that could contribute to a negative profit variance. 7. What is the purpose of variance analysis as it relates to the organizational budgeting process