FACHE ACHE BOARD OF Governors
Examination TEST Questions and
Answers
Verified Solutions Latest Update
Question:
Trustees.
Answer:
Members of the governing board of not-for-profit organziations who volunteer their
time; the title reflects their acceptance of the asses in the trust for the community; also
may be called directors
Question:
Strategic Scorecard.
Answer:
Measures of overall enterprise performance grouped in major dimensions-customers,
staff and suppliers, operations (quality and cost), and finance; reported to the
governing board and appropriate for service lines, the healthcare organization as a
whole, or its major components
Question:
Strategic Business Unit.
Answer:
A profit center in an organization that focuses on a product line or market segment
Question:
Span of Control.
Answer:
The number of subordinates reporting to a supervisor
, Question:
Reserved powers.
Answer:
Decisions permanently vested in the central corporation of a multicorporate system
Question:
Mission.
Answer:
A statement of purpose -the good or benefit a healthcare organization intends to
contribute-couched in terms of an identified community, a set of services, and a
specific level of cost or finance; many healthcare organizations are moving to
population health missions, explicitly accepting responsibility for the broader goal.
Question:
Management Letter.
Answer:
Comments of external auditors to the governing board that accompany their audited
financial report
Question:
Licensed Independent Practitioner.
Answer:
A caregiver granted legal status to provide specific kinds of healthcare
Question:
Joint Venture.
Answer:
A corporation jointly owned by two or more indpendent corporationsl joint ventures
always have captial invested by both or all partners, and they usually have joint
governance and management teams
Examination TEST Questions and
Answers
Verified Solutions Latest Update
Question:
Trustees.
Answer:
Members of the governing board of not-for-profit organziations who volunteer their
time; the title reflects their acceptance of the asses in the trust for the community; also
may be called directors
Question:
Strategic Scorecard.
Answer:
Measures of overall enterprise performance grouped in major dimensions-customers,
staff and suppliers, operations (quality and cost), and finance; reported to the
governing board and appropriate for service lines, the healthcare organization as a
whole, or its major components
Question:
Strategic Business Unit.
Answer:
A profit center in an organization that focuses on a product line or market segment
Question:
Span of Control.
Answer:
The number of subordinates reporting to a supervisor
, Question:
Reserved powers.
Answer:
Decisions permanently vested in the central corporation of a multicorporate system
Question:
Mission.
Answer:
A statement of purpose -the good or benefit a healthcare organization intends to
contribute-couched in terms of an identified community, a set of services, and a
specific level of cost or finance; many healthcare organizations are moving to
population health missions, explicitly accepting responsibility for the broader goal.
Question:
Management Letter.
Answer:
Comments of external auditors to the governing board that accompany their audited
financial report
Question:
Licensed Independent Practitioner.
Answer:
A caregiver granted legal status to provide specific kinds of healthcare
Question:
Joint Venture.
Answer:
A corporation jointly owned by two or more indpendent corporationsl joint ventures
always have captial invested by both or all partners, and they usually have joint
governance and management teams
