DLM (ASCP) Practice Exam Questions with Verified Solutions

DLM (ASCP) Practice Exam Questions with Verified
Solutions
ProjectzVolumesz(forecastingzstage)z-zCORRECTzANSWER-
basedzonzexpertzopinion,zstats,zhistoricalzdata,zshiftszinzpatientzmix,zchangeszinzmedicalzstaffzcomposition,
zchangeszinzinflation/reimbursementzratws,zexpansion/cutbacks,zpopulationzfluctuationszbasedzonzecono

my



Stepsztozcreatingzazbudgetz-zCORRECTzANSWER-1.zprojectzvolumes

2.zconvertzvolumesztozrevenue

3.zconvertzvolumeszintozexpensezrequirementsz

4.zAdjustzrevenue/zexpenseszasznecessaryztozmeetzbudgetzmargin



grosszrevenuez-zCORRECTzANSWER-RateszxzProductionzUnitz(Billableztestzvolume)



Expensesz-zCORRECTzANSWER-
salaries/wages,zreferencezservice,zinstrumentzlease,zmaintenancezcontracts,zeducation/travel



FinancialzStatementsz-zCORRECTzANSWER-conveyzthezfinancialzstatuszofzanzorganization

4zmainztypesz-
zincomezstatement,zbalancezsheetzstatementzofzchangeszinzequityzandzstatementzofzcashzflows.




incomezstatementz-zCORRECTzANSWER-
summarizeszthezoperationszofzanzorganizationzwithzazfocuszonzitszrevenues,zexpenses,zandzprofitability.zco
ntainszoperationalzresultszoverzazperiodzofztime.



depreciationz-zCORRECTzANSWER-
noncashzchargezagainstzearningszonzincomezstatementzthatzreflectzthez"wearzandztear"zonzazbusiness'zfixe
dzassetsz(propertyzandzequipment).zlosszofzvalue



salvagezvaluez-zCORRECTzANSWER-
amountzreceivedzwhenzfinalzdispositionzoccurszatzendzofzthezasset'szusefulzlife.

,annualzdepreciationz-zCORRECTzANSWER-(initialzcostz-zsalvagezvalue)/zusefulzlife



Profitz-zCORRECTzANSWER-netzincomez-expense



cashflowz-zCORRECTzANSWER-netzincomez+zdepreciation



TotalzProfitzMarginz-zCORRECTzANSWER-
Netzincomezdividedzbyztotalzrevenues.zItzmeasureszthezamountzofztotalzprofitzperzdollarzofztotalzrevenues.



fixedzcostsz-zCORRECTzANSWER-
costznotzrelatedztozthezvolumezofzserviceszdeliveredz(ex.zfacilitieszcost,zlabzadmin,zinstrumentzleases,zmain
tenancezcontracts)



variablezcostz-zCORRECTzANSWER-
directlyzrelatedztozthezvolumezofzserviceszdeliveredz(ex.zsupplies,zlaborzcosts)



ProfitzAnalysisz-zCORRECTzANSWER-
techniquezuseztozanalyzezthezeffectszofzvolumezchangeszonzprofit.zcanzalsozbezusedztozanalyzezeffectszofzv
olumezchangeszonzcosts.



TotalzCostsz-zCORRECTzANSWER-fixedzcostsz+zvariablezcosts

Variablezcostsz=zvariablezcostzratezxzvolume



contributionzmarginz-zCORRECTzANSWER-
differencezbetweenzperzunitzrevenuezandzperzunitzvariablezcost.zgiveszthezamountzleftztozcoverzthezfixedzc
osts.zafterzfixedzcostszarezcoveredzwhat'szleftzcontributesztozthezprofit.



accountingzbreakevenz-zCORRECTzANSWER-
Volumezneededztozproducezzerozprofit.zRevenueszcoverzallzaccountingzcosts.z

TotalzRevenuez(costzxzvolume)z-zTotalzVariablez(variablezcostzratezxzvolume)z-zfixedzcostsz=z$0

,economiczbreakevenz-zCORRECTzANSWER-
occurszwhenzallzaccountingzcostszpluszazprofitztargetzarezcovered

totalzrevenuez-ztotalzvariablezcost-zfixedzcostz=zprofit



Surcharge/CostzPlusz-zCORRECTzANSWER-
usedzforzreference/sendzoutztesting.zDeterminezcostzofzdoingzazprocedurezthenzaddzmarkupzfactorztozgetz
appropriatezprice.



weightzvaluezbasisz-zCORRECTzANSWER-
eachztestzperformedziszassignedzazweightzbasedzonzcostzofzperformingztheztestzinzrelationztozthezprocedur
e.



patientzdayzfactorz-zCORRECTzANSWER-theznumberzofzpatientszinzazhospitalzonzazgivenzday.z

(averagezpatientzday/zdailyzcensuszforzthezyear)zxz365



testszperzpatientzdaysz-zCORRECTzANSWER-testzvolume/zpatientzdays



revenuezperztestz-zCORRECTzANSWER-grosszrevenue/testzvolume



directzcostsz-zCORRECTzANSWER-test-specificzcostsz(Variable)

examplesz-zsupplies,zinstrumentation,zreagents,ztechztime



indirectzcostz-zCORRECTzANSWER-remainzconstantz

examplesz-zlabzadmin,zmedicalzrecords,zhousezkeeping,zutilities,zetc.z(fixed/semi-variable)



unitzcostsz-zCORRECTzANSWER-totalzdirectz+zindirectzexpenses



Employmentzcyclez-zCORRECTzANSWER-coverszallzstageszinzthezprocesszofzemployingzstaff:z

1.zrecruitmentzandzacquisitionzcostsz(pre-employmentzscreen)

2.ztraining/developmentalzcostsz(ongoing)

, 3.zproductive/operationalzperiods

4.ztermination/separationzofzemployeezfromzinstitutionzcosts



analyzezlaborzcostsz-zCORRECTzANSWER-institutionalzlaborzcostzevaluationz(employmentzcycle)z

technicalzevaluationzofzlaborzcostz-
zassignzlaborzcostsztozproductionzactivitieszthatzgeneratezexpenses.zhelpszmanagerzidentifyzwherezeffortsz

arezbeingzexpendedzandzproductivityz

accountingzandzbudgetingzlaborzanalysisz-
zhelpszmonitorzstaffingzlevels,zproductivityzandzmanagementzperformancezagainstzbudgetzobjectives




preanalyticalztimez-zCORRECTzANSWER-specimenzcollection,zprep,zinstrument



analyticalztimez-zCORRECTzANSWER-performing/resultingztests



postzanalyticalztimez-zCORRECTzANSWER-reportingzandzroutinezmaintenance



totalzhoursz-zCORRECTzANSWER-productivezhoursz+znonproductivezhours



productivezhoursz-zCORRECTzANSWER-actualzworkedzhourszincludeszovertimezandztraining



nonproductivezhoursz-zCORRECTzANSWER-
compensatedzbutznotzworked.zsickzleave,zvacation,zbereavement,zetc.



Full-timezequivalentz(FTE)z-zCORRECTzANSWER-Anzemployeezwhozworkszfull-
time,z40zhourszperzweek,z2080zhourszperzyearz(totalznumberzofzhourszpaid/z2080)z

171zorz177zhoursz-zperzmonth



ProductivityzMeasurementz-zCORRECTzANSWER-workloadzunitz(WLU)/zlaborzunits