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As the HIM manager in charge of your department's budget, you are mandated to report on variances of more than 6% either positive or negative to your Chief Financial Officer and include the reasons for the variance and any action plans necessary. Based on the table below for the December variance report, what category would you be required to report on to the CFO?
Suggested Answer: C
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13 comments · newest first
DE
Denae
11 months ago
I think office supplies are the only ones that hit the mark here.
AS
Ashlyn
11 months ago
Wait, are we really over 6% on travel? That’s surprising!
LI
Ligia
12 months ago
Education seems off, but I thought travel would be higher.
ME
Merilyn
12 months ago
Definitely reporting on contract services, no doubt.
AI
Ailene
12 months ago
Looks like office supplies had a big jump this month!
KA
Kathryn
1 year ago
I’m leaning towards office supplies since they can sometimes go over budget, but I’m not entirely confident about that.
BR
Brandon
1 year ago
I feel like travel expenses can fluctuate a lot, but I can't recall if they usually exceed the 6% threshold.
LE
Leota
1 year ago
I think we practiced a similar question about contract services before, and I remember it had a significant impact on the budget.
MA
Margarita
1 year ago
I remember we discussed how to identify variances in our budget reports, but I'm not sure which category had the highest variance this time.
PI
Pilar
1 year ago
I'm a bit confused by this question. It seems like there could be a few different factors at play, like the testing process or the specific environment configurations. I'd need to think through it a bit more to decide on the most likely explanation.
KR
Kristeen
1 year ago
I think the key here is looking for a blockchain that's specifically designed for running multiple blockchains on the Evane network. Hyperledger seems like the best fit based on what I know.
BE
Beatriz
1 year ago
This one seems pretty straightforward. I'm pretty confident the answer is acpid, since that's the daemon that handles power management events on Linux.
DU
Dustin
1 year ago
This seems straightforward to me. The portfolio manager would be maintaining a decision log from the Committee meeting to keep track of the key decisions made. That's the core documentation responsibility in this scenario.