Final answer:
Nurse managers are responsible for developing unit operation objectives, justifying capital equipment requests, and negotiating budget with other managers and administration during the budgeting process.
Step-by-step explanation:
During the budgeting process, nurse managers are typically responsible for a range of financial and administrative tasks specific to their unit's operations. These responsibilities often include developing unit operation objectives, which entail setting goals and metrics that align with the overall strategic plan of the healthcare organization. They are also tasked with justifying capital equipment requests, which involves preparing a rationale and cost-benefit analysis for investments in equipment that will aid in patient care or improve operations. Lastly, nurse managers are often involved in negotiating budget with other managers and administration to ensure their unit's needs are adequately represented and funded in the overall organizational budget.
However, tasks such as determining inflationary rates for the upcoming year and predicting cash flow are typically handled by higher-level financial analysts or the finance department, as they require specific expertise in financial forecasting and macroeconomic analysis.