You, as the nurse manager, have done the budget on an annual basis for the last 5 years. What data should you consider in order to forecast your pro-rated share of the organization's utilities costs?

Question

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In order to forecast your pro-rated share of the organization's utilities costs, you should consider the average of all of your utility cost changes over the last 5 years. These changes will most likely be increases, rather than decreases. For example, if you notice that your share of the organization's utility costs has increased at the rate of 7% over the last 5 years, it is reasonable to believe that this trend will continue. You can then project, or forecast that next year's cost will be about 7% more than the previous year.

You, as the Nurse Manager, Have Done the Budget on an Annual