Answer the given questions:
Q1: Analyze the fundamental financial and budgeting responsibilities of a group practice manager. Suggest the most important competency that a practice manager must demonstrate in order to effectively manage the practice’s financial accounts. Support your rationale.
Q2: Compare and contrast the main different types of budgets that practice managers use. As a practice manager, determine two types of budgets that you think would be most effective for managing the practice’s income and expenses. Justify your response.