HCAD 401, (Financial
Management of Healthcare
Organizations); Chapters 13/14
Questions And Answers
Planning lkis lkdefined lkas lk- lkCorrect lk lkAnswer lk✔✔ lk- lkdeciding lkin lkadvance lkwhat lkmust
lkbe lkdone lkin lkthe lkfuture.
Planning lkconsists lkof lkestablishing lk- lkCorrect lk lkAnswer lk✔✔ lk- lk- lkrules. lk
- lkmethods. lk
- lkprocedures
Which lkof lkthe lkfollowing lkis lka lkprerequisite lkto lkplanning? lk- lkCorrect lk lkAnswer lk✔✔ lk-
lkPrompt lkaccounting lksystem
Strategic lkplanning lklooks lk________ lkyear(s) lkinto lkthe lkfuture; lkoperational lkplanning lklooks
lk________ lkyear(s) lkinto lkthe lkfuture. lk- lkCorrect lk lkAnswer lk✔✔ lk- lkthree lkto lkten; lkone
Zero-based lkplanning lk- lkCorrect lk lkAnswer lk✔✔ lk- lk- lkrequires lkjustification lkfor lknew
lkequipment, lkpositions, lkand lkprograms. lk
- lkis lka lkconservative lkmethod lkof lkplanning.
Incremental lkplanning lk- lkCorrect lk lkAnswer lk✔✔ lk- lkassumes lkall lkcurrent lkoperations,
lkequipment, lkand lkpositions lkare lkessential lkto lkthe lkmission lkof lkthe lkorganization.
What lkis lkcapital lkbudgeting? lk- lkCorrect lk lkAnswer lk✔✔ lk- lkThe lkprocess lkused lkto lkconvert
lkthe lkoperational lkplan lkinto lkbudgets lkfor lkcapital
expenditures
What lkis lkthe lkpurpose lkof lka lkSWOT lkanalysis lkduring lkan lkinternal lkenvironment
lkinvestigation? lk- lkCorrect lk lkAnswer lk✔✔ lk- lkTo lkidentify lkthe lkorganization's lkstrengths lkand
lkweaknesses
The lkstrategic lkfinancial lkplan lkis lkthe lklink lkbetween lkthe lk__________ lkand lkthe
lk__________. lk- lkCorrect lk lkAnswer lk✔✔ lk- lkstrategic lkplan; lkoperational lkplan
Procedures lkare lk- lkCorrect lk lkAnswer lk✔✔ lk- lkguides lkto lkaction.
Management of Healthcare
Organizations); Chapters 13/14
Questions And Answers
Planning lkis lkdefined lkas lk- lkCorrect lk lkAnswer lk✔✔ lk- lkdeciding lkin lkadvance lkwhat lkmust
lkbe lkdone lkin lkthe lkfuture.
Planning lkconsists lkof lkestablishing lk- lkCorrect lk lkAnswer lk✔✔ lk- lk- lkrules. lk
- lkmethods. lk
- lkprocedures
Which lkof lkthe lkfollowing lkis lka lkprerequisite lkto lkplanning? lk- lkCorrect lk lkAnswer lk✔✔ lk-
lkPrompt lkaccounting lksystem
Strategic lkplanning lklooks lk________ lkyear(s) lkinto lkthe lkfuture; lkoperational lkplanning lklooks
lk________ lkyear(s) lkinto lkthe lkfuture. lk- lkCorrect lk lkAnswer lk✔✔ lk- lkthree lkto lkten; lkone
Zero-based lkplanning lk- lkCorrect lk lkAnswer lk✔✔ lk- lk- lkrequires lkjustification lkfor lknew
lkequipment, lkpositions, lkand lkprograms. lk
- lkis lka lkconservative lkmethod lkof lkplanning.
Incremental lkplanning lk- lkCorrect lk lkAnswer lk✔✔ lk- lkassumes lkall lkcurrent lkoperations,
lkequipment, lkand lkpositions lkare lkessential lkto lkthe lkmission lkof lkthe lkorganization.
What lkis lkcapital lkbudgeting? lk- lkCorrect lk lkAnswer lk✔✔ lk- lkThe lkprocess lkused lkto lkconvert
lkthe lkoperational lkplan lkinto lkbudgets lkfor lkcapital
expenditures
What lkis lkthe lkpurpose lkof lka lkSWOT lkanalysis lkduring lkan lkinternal lkenvironment
lkinvestigation? lk- lkCorrect lk lkAnswer lk✔✔ lk- lkTo lkidentify lkthe lkorganization's lkstrengths lkand
lkweaknesses
The lkstrategic lkfinancial lkplan lkis lkthe lklink lkbetween lkthe lk__________ lkand lkthe
lk__________. lk- lkCorrect lk lkAnswer lk✔✔ lk- lkstrategic lkplan; lkoperational lkplan
Procedures lkare lk- lkCorrect lk lkAnswer lk✔✔ lk- lkguides lkto lkaction.