FACHE Practice TEST Questions and
Answers Verified Solutions Latest
Update
Question:
The CEO of a 125-bed hospital realizes that her hospital is surrounded by three similar
institutions and determines that her institution has no competitive advantage. Which of
the following strategies should she pursue? a) Target many market segments based on
demographics b) Prioritize market segments and heavily promote to key groups c)
Advertise broadly to increase general awareness d) Recruit more physicians to admit to
the institution.
Answer:
b) Prioritize market segments and heavily promote to key groups
Question:
The objective of maintenance and repair services si ot keep the facility and its
equipment operating like new. This goal is best achieved by emphasizing: a) Prevention
b) Efficiency c) Productivity d) Safety.
Answer:
a) Prevention
Question:
Ahealthcare facility can best meet its social and economic goals by: a) Developing a
realistic and coordinated approach to long-range planning b) Devoting most of its
efforts to the development of efficient operational practices c) Having a good public
relations team that will focus on the facility's image in the community d) Providing al
reimbursable services desired by the community.
Answer:
b) Devoting most of its efforts to the development of efficient operational practices
,Question:
When contracting for services, an organization typically finds the best value when: a)
The organization creates an internal auditor position to oversee the service b) A board
member negotiates for discounted services c) The organization alows the prospective
supplier to develop the contractual service expectations d) There is competition
between several suppliers with proven performance and reputation.
Answer:
d) There is competition between several suppliers with proven performance and
reputation
Question:
Which of the following statements is false? a) Much of the art of forecasting relies on
the opinions of experts. b) Forecasting, fi correctly performed by means of
technological forecasting approaches, is an exact science. c) Forecasting includes
applying the rates of anticipated future change to the current status to predict the
future. d) Qualitative data are often used in developing assumptions on which
quantitative forecasting can be constructed..
Answer:
b) Forecasting, fi correctly performed by means of technological forecasting
approaches, is an exact science.
Question:
The most successful approach ot strategic planning would include: a) a well-written
mission statement, long-range plan, fiscal plan, plus the history and discussion
surrounding them b) A vision statement that can be achieved in the short-term, and
avoidance of high-risk decisions c) Focusing on the individual organization's strengths
and ignoring the activity of competitors d) Using rules and past experiences solely to
guide future action, rather than overemphasizing the needs of stakeholders.
Answer:
a) a well-written mission statement, long-range plan, fiscal plan, plus the history and
discussion surrounding them
, Question:
One of the best ways ot determine market size and share of each competitor ni a
market is to: a) Survey the opinions of the sales force or the medical/professional staff
b) Survey a stratified sample of patients c) Hire a consultant d) Estimate the production
capacity of each competitor.
Answer:
a) Survey the opinions of the sales force or the medical/professional staff
Question:
When data are scarce, the best method of forecasting is to use: a) Computer-based
simulation methods b) Time series analysis c) Econometric forecasting d) Qualitative
techniques.
Answer:
d) Qualitative techniques
Question:
Which of the following best describes a healthcare organization's recognized service
reputation that has been earned over the long term within its market: a) Soft assets b)
Market share c) Brand equity d) Community perception.
Answer:
c) Brand equity
Question:
The governing body of a healthcare institution meets its responsibility for the quality of
patient care by: a) Delegating accountability for patient care to the committee
appointed by the governing body, which provides a formal administrative liaison
between the governing body, the administration, and the medical/professional staff. b)
Delegating to the CEO responsibility for developing criteria for making certain that an
effective medical/professional audit is carried out. c) Establishing, maintaining, and
supporting through the medical/professional staff and management staff an ongoing
program of review, evaluation of patient/client care, and action on findings. d)
Establishing an effective system for utilization review, medical/professional audit
activities, and credentialing of the medical/professional staff..
Answer:
c) Establishing, maintaining, and supporting through the medical/professional staff and
management staff an ongoing program of review, evaluation of patient/client care, and
action on findings.
Answers Verified Solutions Latest
Update
Question:
The CEO of a 125-bed hospital realizes that her hospital is surrounded by three similar
institutions and determines that her institution has no competitive advantage. Which of
the following strategies should she pursue? a) Target many market segments based on
demographics b) Prioritize market segments and heavily promote to key groups c)
Advertise broadly to increase general awareness d) Recruit more physicians to admit to
the institution.
Answer:
b) Prioritize market segments and heavily promote to key groups
Question:
The objective of maintenance and repair services si ot keep the facility and its
equipment operating like new. This goal is best achieved by emphasizing: a) Prevention
b) Efficiency c) Productivity d) Safety.
Answer:
a) Prevention
Question:
Ahealthcare facility can best meet its social and economic goals by: a) Developing a
realistic and coordinated approach to long-range planning b) Devoting most of its
efforts to the development of efficient operational practices c) Having a good public
relations team that will focus on the facility's image in the community d) Providing al
reimbursable services desired by the community.
Answer:
b) Devoting most of its efforts to the development of efficient operational practices
,Question:
When contracting for services, an organization typically finds the best value when: a)
The organization creates an internal auditor position to oversee the service b) A board
member negotiates for discounted services c) The organization alows the prospective
supplier to develop the contractual service expectations d) There is competition
between several suppliers with proven performance and reputation.
Answer:
d) There is competition between several suppliers with proven performance and
reputation
Question:
Which of the following statements is false? a) Much of the art of forecasting relies on
the opinions of experts. b) Forecasting, fi correctly performed by means of
technological forecasting approaches, is an exact science. c) Forecasting includes
applying the rates of anticipated future change to the current status to predict the
future. d) Qualitative data are often used in developing assumptions on which
quantitative forecasting can be constructed..
Answer:
b) Forecasting, fi correctly performed by means of technological forecasting
approaches, is an exact science.
Question:
The most successful approach ot strategic planning would include: a) a well-written
mission statement, long-range plan, fiscal plan, plus the history and discussion
surrounding them b) A vision statement that can be achieved in the short-term, and
avoidance of high-risk decisions c) Focusing on the individual organization's strengths
and ignoring the activity of competitors d) Using rules and past experiences solely to
guide future action, rather than overemphasizing the needs of stakeholders.
Answer:
a) a well-written mission statement, long-range plan, fiscal plan, plus the history and
discussion surrounding them
, Question:
One of the best ways ot determine market size and share of each competitor ni a
market is to: a) Survey the opinions of the sales force or the medical/professional staff
b) Survey a stratified sample of patients c) Hire a consultant d) Estimate the production
capacity of each competitor.
Answer:
a) Survey the opinions of the sales force or the medical/professional staff
Question:
When data are scarce, the best method of forecasting is to use: a) Computer-based
simulation methods b) Time series analysis c) Econometric forecasting d) Qualitative
techniques.
Answer:
d) Qualitative techniques
Question:
Which of the following best describes a healthcare organization's recognized service
reputation that has been earned over the long term within its market: a) Soft assets b)
Market share c) Brand equity d) Community perception.
Answer:
c) Brand equity
Question:
The governing body of a healthcare institution meets its responsibility for the quality of
patient care by: a) Delegating accountability for patient care to the committee
appointed by the governing body, which provides a formal administrative liaison
between the governing body, the administration, and the medical/professional staff. b)
Delegating to the CEO responsibility for developing criteria for making certain that an
effective medical/professional audit is carried out. c) Establishing, maintaining, and
supporting through the medical/professional staff and management staff an ongoing
program of review, evaluation of patient/client care, and action on findings. d)
Establishing an effective system for utilization review, medical/professional audit
activities, and credentialing of the medical/professional staff..
Answer:
c) Establishing, maintaining, and supporting through the medical/professional staff and
management staff an ongoing program of review, evaluation of patient/client care, and
action on findings.
