Archives: Quiz

1) As the health care delivery system developed in the US, right from its inception primary care physicians were assigned a gatekeeping role. 2) Most elderly needing long-term care reside in nursing homes. Answer: FALSE 3) By law, an HMO […]

1) Since the final two decades of the 20th century, the U.S. health care delivery system has begun to shift its emphasis from wellness to illness. 2) Part D of Medicare does not require the payment of a premium. Answer: […]

1) In a free market, multiple patients and providers act interdependently. 2) A nonprofit hospital is prohibited by law from making a profit. Answer: FALSE[/cpmembership] 3) Technology has been credited with the overall reduction in the average length of inpatient […]

1) Compared to tertiary care, primary care services are more complex and specialized. 2) Globalization of health care has produced positive effects in both developed and developing countries. Answer: FALSE 3) Medicare trustees project that the trust fund will be […]

1) In the case of purchasing equipment, the purchase could take place by A. Financing all of the purchase B. Paying cash for all of the purchase C. Financing only part of the purchase D. All of the above E. […]

1) Using what you have learned about finance to date, is the contribution margin the same as the operating margin? A. Always B. In some circumstances C. Never D. Not applicable 2) Liabilities are: A. Economic obligations B. What the […]

1) Another term for responsibility center is: A. Profit center B. Cost object C. Allocation center D. Neither of the above 2) The contribution margin computation: A. Allows fixed, variable and semivariable cost classifications B. Requires either fixed or variable […]

1) The manager with a clinical viewpoint generally: A. May be responsible for service delivery B. May have direct interaction with patients C. Is responsible for clinical outcomes D. All of the above 2) Operating budgets generally deal with: A. […]

1) The actual cost is attached to staffing in the books and records through the: A. general ledger B. basic transaction record C. check register 2) The term revenue represents: A. Amounts earned by an organization B. Amounts expended by […]

1) Revenue amounts estimated to be uncollectible are: A. Considered to be deductions from revenues B. Are recorded on the organizations books as deductions from revenue C. Considered to be part of the revenue stream D. Are never recorded on […]

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 […]

1) The purpose of controlling is to: A. Ensure that plans are being followed B. Ensure effective resource use C. Identify objectives D. A & B E. A & C F. B & C G. All of the above 2) […]

1) Mixed costs may include: A. utilities B. repairs C. telephone expense D. maintenance E. all of the above F. none of the above 2) Productive time is: A. Paid-for time on duty B. Paid-for time not on duty C. […]

1) Forecasts are: A. Future financial statements B. Considered to be prospective C. Both of the above D. Neither of the above 2) The evaluation process can be more manageable if one chosen method is uniformly used to evaluate: A. […]

1) Borrowing from investors assumes the organization: A. Has the proper legal structure to do so B. Is large enough to do so C. Has previously borrowed from investors D. Has previously borrowed from one or more lending institutions E. […]

1) The Midtown General Hospitals financial committee agenda includes planning questions about the old building that houses the hospitals laundry operation. Which of the following alternatives should the committee members consider? A. Keep the existing laundry building in its present […]

1) External reporting to third parties in health care (depending upon type of reporting organization) may include reporting to: A. Stockholders B. Government entities C. Health plan payers D. A & B E. A & C F. B & C […]

1) Productive time relates to time spent performing functions that are specified in that employees job description. Julie works in the Medical Records department. She is the junior member of the Medical Records staff. Because the department is currently somewhat […]

1) In healthcare organizations, it is not very common to find departments as cost centers. 2) Capital expenditure budgets can cover a five- to ten-year period because they may take a futuristic view. Answer: True 3) The capital expenditure budget […]

1) Annuities are insured by the Federal Insurance Deposit Corporation (FDIC). 2) An Appendix to the business plan (although optional) should always contain detail that adequately supports selected contents in the main part of the business plan. Answer: True 3) […]

1) On the present value table in this textbook, the interest rate is found on the horizontal columns and the number of years in the period is found on the vertical columns. 2) Regarding cash flow reporting methods, the “net […]

1) The Executive Summary should tell the entire story of the business plan in a compelling manner. It is recommended that it not be longer than four to six pages. 2) A for-profit or proprietary company may be able to […]

1) When grouping accounts for planning or control, it is permissible to classify revenues by either service line or disease management category. 2) One output from the clinical and financial data repository is insurance verification for patients through an electronic […]

1) In cash basis accounting, revenue is recorded when it is earned and expenses are recorded when they are incurred. 2) Regarding capacity level issues in forecasting, the ability to provide services is automatically limited by the availability of both […]

1) The net book value of a fixed asset is computed as follows: subtract the Reserve for Depreciation from the original cost of the fixed asset. 2) Within the planning cycle and process flow, broad goals become narrower objectives, and […]

1) Menu objectives are mandatory while core objectives provide a choice for the provider. 2) The unadjusted rate of return method results in a precise answer. Answer: False 3) The net book value of a fixed asset represents the remaining […]

1) CMS identified three types of individuals who would require training on ICD-10, including physicians, coders and code users. 2) Flowsheets are useful because they portray who is responsible for what piece of information as it exits the system. Answer: […]

1) Two modifications of the International Classification of Diseases, 10th Revision (ICD-10) have been developed in the United States. One is a clinical modification that is called the “ICD-10-PCS”. The other is a procedure classification system that is called the […]

1) People from ________ countries would probably feel most comfortable with an autocratic (theory X) task- directed style of leadership. a. High masculinity b. High power distance c. High uncertainty avoidance d. All of the above 2) A complex of […]

1) Which of the following refers to the negative impact of political decisions or events on a multinationals profitability? a. Economic risk b. Local government risk c. Political risk d. Control risk 2) Having one set of products for North […]

1) Key expatriate success factors include all of the following EXCEPT a. Professional or technical skill b. Experience in at least two cultures different from the assignment country c. Stress tolerance d. Favorable family situation 2) Differentiation leads to higher […]

1) Which management structure is popular in developing countries? a. Dominant b. Shared c. Split d. Rotating 2) The strategic approach to multinational management a. Involves the development of one strategy for all countries b. Focuses on the skills and […]

1) When exports become a significant percentage of company sales and a company wishes greater control over its export operations, managers often create a separate a. Export department b. Functional department c. Product department d. Liaison office 2) Suggestions to […]

1) A crucial difference between the US job characteristics model and the European STS approach is a. The US model focuses on core job characteristics, while the European model focuses on tasks b. The US model focuses on individuals, while […]

1) Which of the following is NOT one of the behaviors/characteristics of transformational leader as discussed in the text? a. Takes risk b. Demonstrates high ethical and moral standards c. Articulates a vision d. All of the above applies to […]

1) Which of the following are considered to be the structural building blocks for running a multinational? a. International division b. Metanational c. Mini replica d. Foreign subsidiaries 2) Generic strategies a. Occur when a company can outmatch its rivals […]

1) Occupational cultures a. Are the norms, values, beliefs, and expected ways of behaving for people in the same occupational group b. Are the set of important understandings that members of an organization share c. Are norms, values, and beliefs […]

1) Which of the following statements is NOT TRUE regarding the experiences countries go through as they undertake market transitions from socialism to a more market based economy? a. Drastic measures have to be taken to turn around formerly inefficient […]

1) The achievement versus ascription dimension addresses a. The extent to which an individual’s life is involved with work b. The manner by which a society gives status c. The way a culture deals with the past, present, and future […]

1) Sales and dealing with distribution channels refer to _________ activities in the value chain. a. Upstream b. Support c. Secondary d. Downstream 2) All of the following are true about unions in England, Germany, France, and the U.S. EXCEPT […]

1) The confidence that the partner will behave with goodwill and trust is a. Commitment b. Credibility trust c. Benevolent trust d. Calculative commitment 2) The use of worldwide job evaluations, performance appraisals methods, and salary scales to determine pay […]

1) Emerging markets are defined as those that are: a. Growing rapidly b. Transitioning from a communist-controlled economy to capitalism c. Seen to have impact only sporadically d. Enjoying a mature economy 2) In operations alliances, multinational companies a. Use […]

1) A multinational manager is considering closing a plant in China as wages have increased considerably in China. The manager considers the implications of laying off people and closing the plant on the profits of the company. Which form of […]

1) Which of the following statements are true about teleological ethical theories? a. The morality of an act comes from its consequences b. Utilitarianism is one of the most popular teleological theory c. Actions by themselves have a good or […]

1) Global standards for products a. Are virtually impossible in technical industries b. Refer to having one product standard for all countries c. Puts companies at a strategic disadvantage d. All of the above 2) Cost reduction, technology and efficiencies […]

1) E-commerce potential is substantial in South America because a. Of the Mercosur trade group b. Of trade with the U.S c. Because of the demographic characteristics d. Of the ASEAN trade group 2) Upstream activities in the value chain […]

1) A new expatriate manager located in India reports to you that all of her subordinate local managers lack initiative and will only do what she tells them to do. You realize that most Indian managers expect superiors to tell […]

1) Expatriate workers who come from neither the host nor home country are a. Host country nationals b. Parent country nationals c. Neither country nationals d. Third country nationals 2) All of the following are true about small business CEOs […]

1) One of the disadvantages of global strategic partnerships is it may strengthen a competitor in another country thereby presenting a number of risks. 2) The Strategic/Consultative Selling Model consists of five interdependent steps, each with three prescriptions that can […]

1) A company that is nearsighted and ethnocentric will not expand geographically. 2) In spite of NAFTA creating a free trade area, Mexican avocado growers can only ship their fruit to the United States during the winter months, and only […]