Final answer:
A budget can be best described as a financial plan. It involves estimating costs and allocating funds effectively. The chief nursing officer works with nurse managers to develop and implement a budget.
Step-by-step explanation:
A budget can be best described as a financial plan.
It is a detailed plan that outlines the expected income and expenses for a specific period of time. It helps organizations, like hospitals, to allocate their resources efficiently and effectively.
The chief nursing officer works with nurse managers to develop and implement a budget, which involves estimating the costs of various nursing-related activities and how to allocate funds accordingly.