ACHE BOG

The interpretation of the healthcare organization's role with respect to healthcare values would require: a. Establishing corporate goals and major institutional policies b. Ensuring that the community served by the facility is well informed about the organization's goals and performances c. Developing a mission statement indicating the organization's fundamental purpose or reason for existence, in order to guide organizational behavior d. Creating a corporate vision of the organization'...

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13 pages

Written in 2022/2023

Grade A+

Demetrius

ACHE BOG Exam Sample EXAM 100+ Questions WITH VERIFIED SOLUTIONS LATEST 2023. 1. CEO Compensation should be based on: a. the compensation arrangement with prior CEO b. executive compensation in local corporations with similar gross revenues c. present day salary plus cost-of living adjustment d. what the institution would have to pay for a similarly prepared person if that person were employed elsewhere: d. what the institution would have to pay for a similarly prepared person if that ...

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22 pages

Written in 2022/2023

Grade A+

lectdenis

For the routine service cost center, an increase in the number of patient days over the budgeted number of patient days will result in: 1. A higher average cost per patient day. 2. A lower average cost per patient day. 3. An increase in the budgeted fixed costs for the routine service cost center. 4.No change in the average cost per patient day. - CORRECT ANS 2. Which of the following balance sheet items would differ between a for-profit and a not-for-profit healthcare organization? 1.Re...

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4 pages

Written in 2023/2024

Grade A+

claytondoc

For the routine service cost center, an increase in the number of patient days over the budgeted number of patient days will result in: 1. A higher average cost per patient day. 2. A lower average cost per patient day. 3. An increase in the budgeted fixed costs for the routine service cost center. 4.No change in the average cost per patient day. - CORRECT ANS 2. Which of the following balance sheet items would differ between a for-profit and a not-for-profit healthcare organization? 1....

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4 pages

Written in 2022/2023

Grade A+

Pappers

CEO Compensation should be based on: a. the compensation arrangement with prior CEO b. executive compensation in local corporations with similar gross revenues c. present day salary plus cost-of living adjustment d. what the institution would have to pay for a similarly prepared person if that person were employed elsewhere - CORRECT ANSWER d. what the institution would have to pay for a similarly prepared person if that person were employed elsewhere An essential function of the govern...

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16 pages

Written in 2022/2023

Grade A+

Pappers

c. Implement the mission, strategies and goals established by the governing board - CORRECT ANS 1) The purpose of management in a healthcare organization is to: a. Oversee appointment of competent medical staff to render care for the service area b. Appoint an effective governing board based on the wishes of the medical staff c. Implement the mission, strategies and goals established by the governing board d. Implement stakeholder wishes on the future direction the organization should ta...

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2 pages

Written in 2022/2023

Grade A+

Pappers

. Implement the mission, strategies and goals established by the governing board - CORRECT ANS 1) The purpose of management in a healthcare organization is to: a. Oversee appointment of competent medical staff to render care for the service area b. Appoint an effective governing board based on the wishes of the medical staff c. Implement the mission, strategies and goals established by the governing board d. Implement stakeholder wishes on the future direction the organization should ta...

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2 pages

Written in 2022/2023

Grade A+

ACELEARNERS

For the routine service cost center, an increase in the number of patient days over the budgeted number of patient days will result in: 1. A higher average cost per patient day. 2. A lower average cost per patient day. 3. An increase in the budgeted fixed costs for the routine service cost center. 4.No change in the average cost per patient day. - CORRECT ANS 2. Which of the following balance sheet items would differ between a for-profit and a not-for-profit healthcare organization? ...

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4 pages

Written in 2022/2023

Grade A+

ACELEARNERS

CEO Compensation should be based on: a. the compensation arrangement with prior CEO b. executive compensation in local corporations with similar gross revenues c. present day salary plus cost-of living adjustment d. what the institution would have to pay for a similarly prepared person if that person were employed elsewhere - CORRECT ANSWER d. what the institution would have to pay for a similarly prepared person if that person were employed elsewhere An essential function of the gover...

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16 pages

Written in 2022/2023

Grade A+

ACELEARNERS

ACHE FACHE TESTS COMPILATION BUNDLE

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6 items

Demetrius

Acid-test ratio Correct Answer: The ratio of total assets to total liability Market Potential Correct Answer: The volume that would be realized if each prospective consumer were to purchase a specific amount of a particular service during a defined future time frame. General Ledger Correct Answer: Entries assign capital costs through depreciation of long-term assets, adjust inventory values, and allocate expenses of central services. Net Revenue Correct Answer: Income actually recei...

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3 pages

Written in 2022/2023

Grade A+

Demetrius

1) The purpose of management in a healthcare organization is to: a. Oversee appointment of competent medical staff to render care for the service area b. Appoint an effective governing board based on the wishes of the medical staff c. Implement the mission, strategies and goals established by the governing board d. Implement stakeholder wishes on the future direction the organization should take Correct Answer: c. Implement the mission, strategies and goals established by the governing boar...

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2 pages

Written in 2022/2023

Grade A+

Demetrius

According to the Code of Ethics, one way executives can avoid or minimize negative implications of conflict of interest is: a) develop a PR plan to address conflict of interest scenarios b) not participate in specific decisions where conflict may exist c) ensure members submit annual holdings for inspection d) make the conflict known to those in superior positions Correct Answer: D The principles of quality improvement require that executives change their management philosophy from: A...

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38 pages

Written in 2022/2023

Grade A+

Demetrius

Definition and Rule of Inurement Correct Answer: - Diversion of funds to persons in governance or mgt as a result of their position of trust - Directors, officers, trustees are prohibited from engaging in business that allows them to derive financial advantage from their governing board role (conflict of interest) What is a best practice (as far as how soon in days) in receiving payments from date of invoice? Correct Answer: Less than 50 days Definition of working capital Correct Answer...

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8 pages

Written in 2022/2023

Grade A+

Demetrius

CEO Compensation should be based on: a. the compensation arrangement with prior CEO b. executive compensation in local corporations with similar gross revenues c. present day salary plus cost-of living adjustment d. what the institution would have to pay for a similarly prepared person if that person were employed elsewhere Correct Answer: d. what the institution would have to pay for a similarly prepared person if that person were employed elsewhere An essential function of the governin...

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18 pages

Written in 2022/2023

Grade A+

Demetrius

CEO Compensation should be based on: a. the compensation arrangement with prior CEO b. executive compensation in local corporations with similar gross revenues c. present day salary plus cost-of living adjustment d. what the institution would have to pay for a similarly prepared person if that person were employed elsewhere - d. what the institution would have to pay for a similarly prepared person if that person were employed elsewhere An essential function of the governing board is to: ...

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18 pages

Written in 2022/2023

Grade A+

AmazingGrace

According to the Code of Ethics, one way executives can avoid or minimize negative implications of conflict of interest is: a) develop a PR plan to address conflict of interest scenarios b) not participate in specific decisions where conflict may exist c) ensure members submit annual holdings for inspection d) make the conflict known to those in superior positions - D The principles of quality improvement require that executives change their management philosophy from: A) finding fault w...

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39 pages

Written in 2022/2023

Grade A+

AmazingGrace