You are the CFO of a 400-bed hospital in Texas and having trouble with your bottom...

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Finance

You are the CFO of a 400-bed hospital in Texas and havingtrouble with your bottom line and staying within budget. As part ofyour continued efforts to train your department directors/supervisors and board on understanding cost and how it is used inthe decision process, you have set up classes to explain majorconcepts of cost.
Explain the concept of management control and how budgeting isused as part of it.
Describe the concept of zero-base budgeting.
PLEASE USE DETAILS AND EXAMPLES
Explain how benchmarking is performed at the departmentlevel.

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You are the CFO of a 400-bed hospital in Texas and havingtrouble with your bottom line and staying within budget. As part ofyour continued efforts to train your department directors/supervisors and board on understanding cost and how it is used inthe decision process, you have set up classes to explain majorconcepts of cost.Explain the concept of management control and how budgeting isused as part of it.Describe the concept of zero-base budgeting.PLEASE USE DETAILS AND EXAMPLESExplain how benchmarking is performed at the departmentlevel.