1) The EHR Incentive Medicare program payments to a specific eligible hospital will
cover a period of how many years?
A. Two years
B. Three years
C. Four years
D. Five years
E. None of the above
2) The amount owed to vendors:
A. Is a liability
B. Is recognized as accounts payable
C. Is recognized as accounts receivable
D. A & B
E. A & C
F. B & C
3) The accounting equation that reflects a relationship is often described as Assets equal
Liabilities plus Net Worth. Can the equation Assets equal Liabilities plus Fund Balance
also be correct?
A. Yes, if used by the proper organization
B. No, it is not appropriate
C. Not applicable
4) The Stage 2 HITECH EHR incentive program includes the following types of
meaningful use measures:
A. system-based
B. matrix-based
C. action-based
D. percentage-based
E. all of the above
F. B, C and D
G. A, C and D
H. A, B and C
I. none of the above
5) A responsibility center report typically should show:
A. controllable revenues
B. controllable expenses he/she is responsible for
C. both of the above
6) One purpose of planning is to:
A. Ensure effective resource use
B. Identify objectives
C. Make informed choices
D. A & B
E. A & C
F. B & C
G. All of the above
7) The accounting equation that reflects a relationship is often described as Assets equal
Liabilities plus Net Worth. Is the equation Assets equal Liabilities plus Owners Equity
also appropriate and correct?
A. Yes
B. No
C. Dont know
8) In summary, the chart of accounts:
A. Is a map that the financial manager must and should understand
B. Can be infinitely customized for an organizations purposes
C. Has generic examples available for reference purposes
D. A & B
E. A & C
F. B & C
G. All of the above
9) Initiatives,targets and operational plans are alternative terms that apply to which of
the following components of a strategic plan?
A. Goals
B. Objectives
C. Action plans
D. Vision statement
E. Any of the above
None of the above
10) The stage 3 criteria for meaningful use focus upon how many of the following
items:
A. Improving quality, safety, and efficiency leading to improved health outcomes
B. Access to comprehensive patient data through patient-center health information
exchange (HIE)
C. Begin to report clinical quality measures and public health information
D. A & B
E. A & C
F. B & C
G. All of the above
11) Sensitivity analysis:
A. answers questions about what may happen if major assumptions change
B. allows the manager to plan for a variety of possibilities in different scenarios
C. is a “what if” proposition
D. answers questions about what may happen if certain predicted events do not occur
E. all of the above
F. A, B and C only
G. A and B only
12) In regard to EHR incentive program choices, how many of the following statements
are correct?
A. Hospitals can choose to be dual eligible if so desired
B. Eligible professionals must choose either the Medicare or the Medicaid program
C. Both hospitals and eligible professionals may change programs only once before
2015
D. A & B
E. A & C
F. B & C
G. All of the above
H. None of the above
13) In regard to the HITECH initiative and its programs, managers should be able to
understand which of the following:
A. The necessary components of the initiative
B. The required computations
C. How the process works
D. The reasoning behind the initiative
E. A, B & C
F. A, B & D
G. All of the above
14) Grouping expenses by diagnoses for planning and control is beneficial because it:
A. Matches commonly used expense classifications against costs
B. Matches commonly used revenue classifications against costs
C. Either of the above
D. Neither of the above
15) Benchmarking measures products, services and activities against the best levels of
performance. It is:
A. a single-occasion process
B. a continuous process
C. neither of the above
16) Strictly speaking, when referring to standard quantity we should be referring to:
A. A quantity of materials
B. A quantity of hours
C. Either of the above
D. Neither of the above
17) Holders of debentures are:
A. Secured creditors
B. Unsecured creditors
C. Either of the above
D. Neither of the above
18) An individual or organization that buys bonds issued by a company typically
becomes:
A. The companys creditor
B. The companys investor
C. Both of the above
D. Neither of the above
19) Basic information about what the proposed service or equipment does and why it is
special should always be included in the:
A. Organization segment
B. Financial segment
C. Service or equipment description
D. Any of the above
E. None of the above
20) The break-even point is the point when the contribution margin equals:
A. the variable costs
B. the fixed costs
C. neither of the above
21) How many of the following are Balance Sheet assumptions?
A. Space occupancy
B. Cash inflow
C. Overhead
D. A & B
E. A & C
F. B & C
G. All of the above
H. None of the above
22) By illustrating information flow, flowsheets answer which of the following
questions?
A. What is the specific piece of information?
B. Who is initially responsible for this piece of information?
C. How does the information enter the system?
D. All of the above
E. None of the above
23) Your organizations strategic plan and your business plan must not contradict each
other. Therefore your plans:
A. Proposed resource use should fit into the strategic plans available funding resources
B. Time frames should coincide
C. Discussion of external competition should be compatible with that of the strategic
plan
D. A & B
E. A & C
F. B & C
G. All of the above
H. None of the above
24) The SWOT analysis matrix contains four components, two of which are labeled
Internal while the remaining two are labeled External. Which of the four components
are labeled Internal?
A. Strengths
B. Weaknesses
C. Opportunities
D. Threats
E. A & B
F. A & C
G. C & D
H. None of the above
25) Western General Hospital is purchasing a new type of radiology equipment. Claire,
a radiology technician, will be going to New York City for one week to be trained on
using the new equipment. Her time while in New York is paid for by the hospital
because her supervisor assigned her to go and receive training. Is Claires time during
this week considered productive or nonproductive time when computing the hospitals
full-time-equivalents?
A. Productive
B. Nonproductive
C. Neither of the above