HCAD 401, (Financial
Management of Healthcare
Organizations); Chapters 13/14
Questions And Answers
Planning is defined as - Correct Answer ✔✔ - deciding in advance what must be done in the future.
Planning consists of establishing - Correct Answer ✔✔ - - rules.
- methods.
- procedures
Which of the following is a prerequisite to planning? - Correct Answer ✔✔ - Prompt accounting system
Strategic planning looks ________ year(s) into the future; operational planning looks ________ year(s)
into the future. - Correct Answer ✔✔ - three to ten; one
Zero-based planning - Correct Answer ✔✔ - - requires justification for new equipment, positions, and
programs.
- is a conservative method of planning.
Incremental planning - Correct Answer ✔✔ - assumes all current operations, equipment, and positions
are essential to the mission of the organization.
What is capital budgeting? - Correct Answer ✔✔ - The process used to convert the operational plan into
budgets for capital
expenditures
What is the purpose of a SWOT analysis during an internal environment investigation? - Correct Answer
✔✔ - To identify the organization's strengths and weaknesses
The strategic financial plan is the link between the __________ and the __________. - Correct Answer
✔✔ - strategic plan; operational plan
Procedures are - Correct Answer ✔✔ - guides to action.
Management of Healthcare
Organizations); Chapters 13/14
Questions And Answers
Planning is defined as - Correct Answer ✔✔ - deciding in advance what must be done in the future.
Planning consists of establishing - Correct Answer ✔✔ - - rules.
- methods.
- procedures
Which of the following is a prerequisite to planning? - Correct Answer ✔✔ - Prompt accounting system
Strategic planning looks ________ year(s) into the future; operational planning looks ________ year(s)
into the future. - Correct Answer ✔✔ - three to ten; one
Zero-based planning - Correct Answer ✔✔ - - requires justification for new equipment, positions, and
programs.
- is a conservative method of planning.
Incremental planning - Correct Answer ✔✔ - assumes all current operations, equipment, and positions
are essential to the mission of the organization.
What is capital budgeting? - Correct Answer ✔✔ - The process used to convert the operational plan into
budgets for capital
expenditures
What is the purpose of a SWOT analysis during an internal environment investigation? - Correct Answer
✔✔ - To identify the organization's strengths and weaknesses
The strategic financial plan is the link between the __________ and the __________. - Correct Answer
✔✔ - strategic plan; operational plan
Procedures are - Correct Answer ✔✔ - guides to action.
