Which of the following could not be an explanation for actual labor being 7% lower than budgeted labor for a given month?

Improper scheduling

Excessive callouts

Overscheduled staff

Bad forecasting

Lower revenues

Over time, occupancy has the greatest impact on value creation.

True

False

On an income statement, every dollar in expense reduction drops directly to the bottom line.

True

False

When calculating the cost of a caregiver, which of the following is not a consideration:

Margin

Overhead

Wage

Efficiency

Occupancy

Process metrics include:

Revenue

Occupancy

All of the above

None of the above

Labor

A company's published mission, vision, and values are not very effective in connecting employees to their role in a community's financial health.

True

False

Variance is a measure of the actual difference between results and the budget.

True

False

Using the operating expense ratio as a KPI and given the following information, this ratio is within the acceptable range.

• Net Revenue = $250,000
• Total Operating Expenses = $185,000
• Occupancy Rate = 93%

True

False