FACHE EXAM Questions and Answers
Verified Solutions Latest Update
Question:
OSHA
Answer:
Sets workplace safety standards and conducts inspections.
Question:
Current Ratio
Answer:
Current assets divided by current liabilities.
Question:
Average Collection Period
Answer:
Average time to collect receivables.
Question:
Average Payment Period
Answer:
Average time to pay suppliers.
Question:
Economic Events
Answer:
Recognized upon occurrence, not cash flow.
,Question:
Descriptive Methods
Answer:
Summarize or describe observations.
Question:
Inferential Methods
Answer:
Use observations for estimates or predictions.
Question:
Market Demand
Answer:
Consumer willingness to purchase goods or services.
Question:
Market Potential
Answer:
Maximum possible sales volume in a market.
Question:
Sales Forecasting
Answer:
Predicting future demand using historical data.
Question:
Activities of Daily Living (ADLs)
Answer:
Basic self-care tasks essential for daily living.
,Question:
Vertical Integration
Answer:
A hospital system that controls the upstream and downstream to the hospital (i.e.
purchasing an LTAC or ECF)
Question:
Horizontal Integration
Answer:
Merging with another hospital providing similar services (i.e. MVH acquiring Good Sam)
Question:
Utilization Management
Answer:
Reviewing healthcare while services are provided.
Question:
Executive Order 11246
Answer:
Prohibits employment discrimination by federal contractors.
Question:
Executive Order 11375
Answer:
Requires affirmative action for women and minorities.
Question:
Healthcare Effectiveness
Answer:
Maintaining care quality while controlling costs.
, Question:
Activities of Daily Living
Answer:
Measures independence in eating, bathing, dressing, etc.
Question:
Capital Asset Pricing Model (CAPM)
Answer:
Describes relationship between market risk and expected return. Used to price risky
assets (like stocks) and determine whether the investment is reasonable.
Question:
Emergency Medical Treatment and Labor Act (EMTALA)
Answer:
Requires medical screening for emergency patients.
Question:
Major Functions of Marketing
Answer:
Identifying markets, promoting organization, managing relationships.
Question:
Independent Physician Association (IPA)
Answer:
Physicians negotiating contracts with insurers on behalf.
Question:
Consolidated Omnibus Budget Reconciliation Act (COBRA)
Answer:
Allows continuation of health benefits after job loss.
Verified Solutions Latest Update
Question:
OSHA
Answer:
Sets workplace safety standards and conducts inspections.
Question:
Current Ratio
Answer:
Current assets divided by current liabilities.
Question:
Average Collection Period
Answer:
Average time to collect receivables.
Question:
Average Payment Period
Answer:
Average time to pay suppliers.
Question:
Economic Events
Answer:
Recognized upon occurrence, not cash flow.
,Question:
Descriptive Methods
Answer:
Summarize or describe observations.
Question:
Inferential Methods
Answer:
Use observations for estimates or predictions.
Question:
Market Demand
Answer:
Consumer willingness to purchase goods or services.
Question:
Market Potential
Answer:
Maximum possible sales volume in a market.
Question:
Sales Forecasting
Answer:
Predicting future demand using historical data.
Question:
Activities of Daily Living (ADLs)
Answer:
Basic self-care tasks essential for daily living.
,Question:
Vertical Integration
Answer:
A hospital system that controls the upstream and downstream to the hospital (i.e.
purchasing an LTAC or ECF)
Question:
Horizontal Integration
Answer:
Merging with another hospital providing similar services (i.e. MVH acquiring Good Sam)
Question:
Utilization Management
Answer:
Reviewing healthcare while services are provided.
Question:
Executive Order 11246
Answer:
Prohibits employment discrimination by federal contractors.
Question:
Executive Order 11375
Answer:
Requires affirmative action for women and minorities.
Question:
Healthcare Effectiveness
Answer:
Maintaining care quality while controlling costs.
, Question:
Activities of Daily Living
Answer:
Measures independence in eating, bathing, dressing, etc.
Question:
Capital Asset Pricing Model (CAPM)
Answer:
Describes relationship between market risk and expected return. Used to price risky
assets (like stocks) and determine whether the investment is reasonable.
Question:
Emergency Medical Treatment and Labor Act (EMTALA)
Answer:
Requires medical screening for emergency patients.
Question:
Major Functions of Marketing
Answer:
Identifying markets, promoting organization, managing relationships.
Question:
Independent Physician Association (IPA)
Answer:
Physicians negotiating contracts with insurers on behalf.
Question:
Consolidated Omnibus Budget Reconciliation Act (COBRA)
Answer:
Allows continuation of health benefits after job loss.
