You are the CFO of a 400-bed hospital in Texas and having trouble with your bottom line and staying within budget. As part of your continued efforts to train your department directors/ supervisors and board on understanding cost and how it is used in the decision process, you have set up classes to explain major concepts of cost. You will address the following areas in your presentation:

• Explain the concept of management control and how budgeting is used as part of it.
• Describe the concept of zero-base budgeting.
• Explain how benchmarking is performed at the department level.