ACHE FACHE BOG Test 2027 Bank | Latest Updated Questions &
Verified Answers A+ Guaranteed
Question 1.
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
Correct Answer: b) Prioritize market segments and heavily promote to key
groups
Question 2.
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
Correct Answer: a) Prevention
‣ 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 -✓✓b)
Devoting most of its efforts to the development of efficient operational
practices
Question 3.
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
Correct Answer: d) There is competition between several suppliers with
proven performance and reputation
, Question 4.
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.
Correct Answer: b) Forecasting, fi correctly performed by means of
technological forecasting approaches, is an exact science.
Question 5.
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
Correct Answer: a) a well-written mission statement, long-range plan, fiscal
plan, plus the history and discussion surrounding them
Question 6.
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
Correct Answer: a) Survey the opinions of the sales force or the
medical/professional staff
Question 7.
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
Correct Answer: d) Qualitative techniques
Verified Answers A+ Guaranteed
Question 1.
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
Correct Answer: b) Prioritize market segments and heavily promote to key
groups
Question 2.
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
Correct Answer: a) Prevention
‣ 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 -✓✓b)
Devoting most of its efforts to the development of efficient operational
practices
Question 3.
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
Correct Answer: d) There is competition between several suppliers with
proven performance and reputation
, Question 4.
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.
Correct Answer: b) Forecasting, fi correctly performed by means of
technological forecasting approaches, is an exact science.
Question 5.
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
Correct Answer: a) a well-written mission statement, long-range plan, fiscal
plan, plus the history and discussion surrounding them
Question 6.
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
Correct Answer: a) Survey the opinions of the sales force or the
medical/professional staff
Question 7.
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
Correct Answer: d) Qualitative techniques
