8/8/25, 6:24 AM HCAD 375 Final Exam
HCAD 375 ACTUAL FINAL EXAM 2025-2026 LATEST
VERSION WITH COMPLETE QUESTIONS AND ACCURATE
DETAILED ANSWERS \VERIFIED 100% \LATEST UPDATE
In health care what commonly -space and equipment availability
contributes to capacity -staffing
limitations?
-Is a written plan that quantifies the activities of your organization
into financial terms
What are the objectives/uses -serves as the basis for evaluating financial performance according
of a budget? to policies and plans
-is a useful tool for cost control
-creates cost awareness throughout the organization
Participatory approach requires participation from a number of
individuals within the organization in the budgeting process, which
an Authoritarian approach requires great data and good
communication throughout the year. Advantages of the
Participatory approach is that folks from the top are getting input
Describe the difference
from department heads while a disadvantage is it can take while
between Authoritarian versus
to gather that information and create a target budget. Advantages
Participatory budgeting
of the Authoritarian approach is that the organization did have
approaches, including
sufficient enough communication throughout the year for the
advantages and disadvantages
board to make an informed decision with the data they have to
to each?
create a budget in a timely manner while a disadvantage is that
there is none of the back and forth approach like Participatory.
Incremental/Decremental is when you start with the budget you
had last year and tweak those numbers up or down from year to
year. An advantage to this is that you don't have to start from
scratch when determining a budget while a disadvantage is that
some departments might start to spend a lot in the last 3-4
Describe the difference
months of the fiscal year so that their budget for the next year
between
doesn't get cut. Zero-Base is when everyone starts a budget from
Incremental/Decremental
scrap. An advantage of this is that if there are major budget cuts
versus Zero- based budgeting.
or major changes within your organization and you really need to
What are the advantages and
restructure, that everyone needs to justify or provide rational as to
disadvantages to each?
why they would need something included in the budget while a
disadvantage is that it is extremely time consuming and that you
may not have the right people making those decisions.
/ 1/9
, 8/8/25, 6:24 AM HCAD 375 Final Exam
-board, top management, marketing department, treasurer,
department heads, physicians, staff
In participatory budgeting, -process is that feedback is given to the board about what should
describe who is involved, the be included in the budget for the next year, the board makes a
process, and a typical budget and then proposes it to the administrator/staff and then
timeframe for the endeavor? there can be a bit of back and forth unitl they reach an agreed
upon budget.
-Joh's said typically 4 months but can take longer or less time
Capital budget is used for bigger, larger, one-time purchases such
What is a capital budget used as equipment or building structures. It is also important when
for? starting up a new service line or expanding because of the upfront
expenses associated with that.
The "income statement" may "profit and loss"
also be called the
_____________________ stat
ement
Which financial statement do Income statement
LTC administrators use most
often when analyzing monthly
financial activity?
When you consider type of compare
service, geographic location,
and tax status, you can
_____________________ you
r financial analysis to
others in your industry to
better understand your own
financial position.
1. Planning delineates both & short term, long term, procedures
_ ______ paths a business will
follow
and what ______ it will utilize
to
achieve its goal.
A budget states your goals in monetary
________________ terms
Rather than budgeting acuity
dollars, a staffing and
census budget typically
budgets
_ ____ PPD.
What are the 2 major Revenue and expense budgets
components of an operating
budget?
/ 2/9
HCAD 375 ACTUAL FINAL EXAM 2025-2026 LATEST
VERSION WITH COMPLETE QUESTIONS AND ACCURATE
DETAILED ANSWERS \VERIFIED 100% \LATEST UPDATE
In health care what commonly -space and equipment availability
contributes to capacity -staffing
limitations?
-Is a written plan that quantifies the activities of your organization
into financial terms
What are the objectives/uses -serves as the basis for evaluating financial performance according
of a budget? to policies and plans
-is a useful tool for cost control
-creates cost awareness throughout the organization
Participatory approach requires participation from a number of
individuals within the organization in the budgeting process, which
an Authoritarian approach requires great data and good
communication throughout the year. Advantages of the
Participatory approach is that folks from the top are getting input
Describe the difference
from department heads while a disadvantage is it can take while
between Authoritarian versus
to gather that information and create a target budget. Advantages
Participatory budgeting
of the Authoritarian approach is that the organization did have
approaches, including
sufficient enough communication throughout the year for the
advantages and disadvantages
board to make an informed decision with the data they have to
to each?
create a budget in a timely manner while a disadvantage is that
there is none of the back and forth approach like Participatory.
Incremental/Decremental is when you start with the budget you
had last year and tweak those numbers up or down from year to
year. An advantage to this is that you don't have to start from
scratch when determining a budget while a disadvantage is that
some departments might start to spend a lot in the last 3-4
Describe the difference
months of the fiscal year so that their budget for the next year
between
doesn't get cut. Zero-Base is when everyone starts a budget from
Incremental/Decremental
scrap. An advantage of this is that if there are major budget cuts
versus Zero- based budgeting.
or major changes within your organization and you really need to
What are the advantages and
restructure, that everyone needs to justify or provide rational as to
disadvantages to each?
why they would need something included in the budget while a
disadvantage is that it is extremely time consuming and that you
may not have the right people making those decisions.
/ 1/9
, 8/8/25, 6:24 AM HCAD 375 Final Exam
-board, top management, marketing department, treasurer,
department heads, physicians, staff
In participatory budgeting, -process is that feedback is given to the board about what should
describe who is involved, the be included in the budget for the next year, the board makes a
process, and a typical budget and then proposes it to the administrator/staff and then
timeframe for the endeavor? there can be a bit of back and forth unitl they reach an agreed
upon budget.
-Joh's said typically 4 months but can take longer or less time
Capital budget is used for bigger, larger, one-time purchases such
What is a capital budget used as equipment or building structures. It is also important when
for? starting up a new service line or expanding because of the upfront
expenses associated with that.
The "income statement" may "profit and loss"
also be called the
_____________________ stat
ement
Which financial statement do Income statement
LTC administrators use most
often when analyzing monthly
financial activity?
When you consider type of compare
service, geographic location,
and tax status, you can
_____________________ you
r financial analysis to
others in your industry to
better understand your own
financial position.
1. Planning delineates both & short term, long term, procedures
_ ______ paths a business will
follow
and what ______ it will utilize
to
achieve its goal.
A budget states your goals in monetary
________________ terms
Rather than budgeting acuity
dollars, a staffing and
census budget typically
budgets
_ ____ PPD.
What are the 2 major Revenue and expense budgets
components of an operating
budget?
/ 2/9
