FACHE ACHE BOG EXAMINATION ACTUAL TEST PAPER QUESTIONS CORRECT ANSWERS
GRADED A PLUS
Question:
A bar chart format, with the items rank ordered on a dependent variable such as cost, profit, or
satisfaction, that examines the components of a problem in terms of their contribution to it is known
as a A) a run chart B) a frequency table C) Pareto analysis D) deeming cycle.
Answer:
C
Question:
Governing boards are typically more effective at what size A) 10-15 B) 15-20 C) 5-10 D) 25+.
Answer:
A
Question:
What type of review involves evaluation of management staff by their superiors, subordinates, and
internal/external customers A) annual review B) 360 degree review C) competency review D) peer
review.
Answer:
B
Question:
The role of a non-profit HCO's governing board includes all of the following except: A) delineate
clinical privileges B) ensuring quality healthcare is delivered C) overseeing day to day operations D)
setting broad institutional policy.
Answer:
,C
Question:
Medicare Conditions of Participation for hospitals require that a prescribing practitioner
authenticate verbal orders within ______, if not defined by the State A) 24 hrs B) 48 hrs C) 7 days
D) 30 days.
Answer:
B
Question:
Cost accounting is an important tool that allows the CFO to A) meeting JCAHO fiscal requirements
B) ensure supplies are competitively purchased C) determine the actual cost of providing patient
care D) improve revenue cycle returns.
Answer:
C
Question:
What is true about the relationship between acute care hospitals and long term care organizations A)
Hospitals and patients frequently have difficulty arranging for nursing home care services B)
hospitals generally don't want to refer patients to SNFs since the revenue must be shared C) SNFs
generally do not want to refer patients to hospitals since this interferes with State LOS requirements
D) SNFs generally thought to be superior to hospitals for chronic disease management.
Answer:
A
Question:
The 1st step in any strategic management scenario is to A) develop "what if" scenarios B) gather
Information from as many sources possible C) develop courses of action that fit within future
organizational resources D) conduct a make/buy analysis.
Answer:
,B
Question:
Which of the following is the least serious limitation of decision analysis A) oversimplification if
the problem B) inadequate data C) the decision makers values D) the statistical model.
Answer:
D
Question:
In a unionized organization what is the most effective contract dispute resolution finalization
alternative A) mediation B) corporate campaigns C) arbitration D) strike.
Answer:
C
Question:
What does a liquidity ratio measure A) a firm's ability to meet its current obligations in a timely
manner B) size of dividends to be paid to shareholders C) the percent of total funds provided by
creditors D) days in AR.
Answer:
A
Question:
The real value of financial statements lies in the fact they can be used to help A) predict the firms
financial condition B) compute total margin vs periodic gains C) relate the industry average new
product/loss over time D) understand that a large portion of a hospitals net income may come from
non-operating gains.
Answer:
A
, Question:
Facing struggle such as declining profit margins, nonprofit HCOs have become more dependent on
what source of financing capital needs A) philanthropy B) bond financing C) capital leases D)
operational leases.
Answer:
A
Question:
You work for a county organization that has decided to issue bonds to fund a new building. What
type of bond would be sold on behalf of your organization A) mortgage bonds B) corporate bonds
C) capital bonds D) municipal bonds.
Answer:
D
Question:
On a balance sheet, what does the different between total current assets and total current liabilities
indicate A) cash on hand B) net working capital C) liquid assets D) equity.
Answer:
B
Question:
How should supervisors behave toward informal leaders in the organization A) maintain a positive
attitude toward informal leaders B) ensure informal leaders remain st a moderately low status within
the work group C) grant informal leaders occasional favors D) pass informs on to informal leaders
before giving it to formal leaders.
Answer:
A
Question:
GRADED A PLUS
Question:
A bar chart format, with the items rank ordered on a dependent variable such as cost, profit, or
satisfaction, that examines the components of a problem in terms of their contribution to it is known
as a A) a run chart B) a frequency table C) Pareto analysis D) deeming cycle.
Answer:
C
Question:
Governing boards are typically more effective at what size A) 10-15 B) 15-20 C) 5-10 D) 25+.
Answer:
A
Question:
What type of review involves evaluation of management staff by their superiors, subordinates, and
internal/external customers A) annual review B) 360 degree review C) competency review D) peer
review.
Answer:
B
Question:
The role of a non-profit HCO's governing board includes all of the following except: A) delineate
clinical privileges B) ensuring quality healthcare is delivered C) overseeing day to day operations D)
setting broad institutional policy.
Answer:
,C
Question:
Medicare Conditions of Participation for hospitals require that a prescribing practitioner
authenticate verbal orders within ______, if not defined by the State A) 24 hrs B) 48 hrs C) 7 days
D) 30 days.
Answer:
B
Question:
Cost accounting is an important tool that allows the CFO to A) meeting JCAHO fiscal requirements
B) ensure supplies are competitively purchased C) determine the actual cost of providing patient
care D) improve revenue cycle returns.
Answer:
C
Question:
What is true about the relationship between acute care hospitals and long term care organizations A)
Hospitals and patients frequently have difficulty arranging for nursing home care services B)
hospitals generally don't want to refer patients to SNFs since the revenue must be shared C) SNFs
generally do not want to refer patients to hospitals since this interferes with State LOS requirements
D) SNFs generally thought to be superior to hospitals for chronic disease management.
Answer:
A
Question:
The 1st step in any strategic management scenario is to A) develop "what if" scenarios B) gather
Information from as many sources possible C) develop courses of action that fit within future
organizational resources D) conduct a make/buy analysis.
Answer:
,B
Question:
Which of the following is the least serious limitation of decision analysis A) oversimplification if
the problem B) inadequate data C) the decision makers values D) the statistical model.
Answer:
D
Question:
In a unionized organization what is the most effective contract dispute resolution finalization
alternative A) mediation B) corporate campaigns C) arbitration D) strike.
Answer:
C
Question:
What does a liquidity ratio measure A) a firm's ability to meet its current obligations in a timely
manner B) size of dividends to be paid to shareholders C) the percent of total funds provided by
creditors D) days in AR.
Answer:
A
Question:
The real value of financial statements lies in the fact they can be used to help A) predict the firms
financial condition B) compute total margin vs periodic gains C) relate the industry average new
product/loss over time D) understand that a large portion of a hospitals net income may come from
non-operating gains.
Answer:
A
, Question:
Facing struggle such as declining profit margins, nonprofit HCOs have become more dependent on
what source of financing capital needs A) philanthropy B) bond financing C) capital leases D)
operational leases.
Answer:
A
Question:
You work for a county organization that has decided to issue bonds to fund a new building. What
type of bond would be sold on behalf of your organization A) mortgage bonds B) corporate bonds
C) capital bonds D) municipal bonds.
Answer:
D
Question:
On a balance sheet, what does the different between total current assets and total current liabilities
indicate A) cash on hand B) net working capital C) liquid assets D) equity.
Answer:
B
Question:
How should supervisors behave toward informal leaders in the organization A) maintain a positive
attitude toward informal leaders B) ensure informal leaders remain st a moderately low status within
the work group C) grant informal leaders occasional favors D) pass informs on to informal leaders
before giving it to formal leaders.
Answer:
A
Question:
