HCAD 401, (Financial Management of
Healthcare Organizations); Chapters
13/14 Questions And Answers
Planning nmis nmdefined nmas nm- nmCorrect nm nmAnswer nm✔✔ nm- nmdeciding nmin
nmadvance nmwhat nmmust nmbe nmdone nmin nmthe nmfuture.
Planning nmconsists nmof nmestablishing nm- nmCorrect nm nmAnswer nm✔✔ nm- nm- nmrules. nm
- nmmethods. nm
- nmprocedures
Which nmof nmthe nmfollowing nmis nma nmprerequisite nmto nmplanning? nm- nmCorrect nm
nmAnswer nm✔✔ nm- nmPrompt nmaccounting nmsystem
Strategic nmplanning nmlooks nm________ nmyear(s) nminto nmthe nmfuture; nmoperational
nmplanning nmlooks nm________ nmyear(s) nminto nmthe nmfuture. nm- nmCorrect nm nmAnswer
nm✔✔ nm- nmthree nmto nmten; nmone
Zero-based nmplanning nm- nmCorrect nm nmAnswer nm✔✔ nm- nm- nmrequires nmjustification
nmfor nmnew nmequipment, nmpositions, nmand nmprograms. nm
- nmis nma nmconservative nmmethod nmof nmplanning.
Incremental nmplanning nm- nmCorrect nm nmAnswer nm✔✔ nm- nmassumes nmall nmcurrent
nmoperations, nmequipment, nmand nmpositions nmare nmessential nmto nmthe nmmission nmof
nmthe nmorganization.
What nmis nmcapital nmbudgeting? nm- nmCorrect nm nmAnswer nm✔✔ nm- nmThe nmprocess
nmused nmto nmconvert nmthe nmoperational nmplan nminto nmbudgets nmfor nmcapital
expenditures
What nmis nmthe nmpurpose nmof nma nmSWOT nmanalysis nmduring nman nminternal
nmenvironment nminvestigation? nm- nmCorrect nm nmAnswer nm✔✔ nm- nmTo nmidentify nmthe
nmorganization's nmstrengths nmand nmweaknesses
The nmstrategic nmfinancial nmplan nmis nmthe nmlink nmbetween nmthe nm__________ nmand
nmthe nm__________. nm- nmCorrect nm nmAnswer nm✔✔ nm- nmstrategic nmplan; nmoperational
nmplan
Healthcare Organizations); Chapters
13/14 Questions And Answers
Planning nmis nmdefined nmas nm- nmCorrect nm nmAnswer nm✔✔ nm- nmdeciding nmin
nmadvance nmwhat nmmust nmbe nmdone nmin nmthe nmfuture.
Planning nmconsists nmof nmestablishing nm- nmCorrect nm nmAnswer nm✔✔ nm- nm- nmrules. nm
- nmmethods. nm
- nmprocedures
Which nmof nmthe nmfollowing nmis nma nmprerequisite nmto nmplanning? nm- nmCorrect nm
nmAnswer nm✔✔ nm- nmPrompt nmaccounting nmsystem
Strategic nmplanning nmlooks nm________ nmyear(s) nminto nmthe nmfuture; nmoperational
nmplanning nmlooks nm________ nmyear(s) nminto nmthe nmfuture. nm- nmCorrect nm nmAnswer
nm✔✔ nm- nmthree nmto nmten; nmone
Zero-based nmplanning nm- nmCorrect nm nmAnswer nm✔✔ nm- nm- nmrequires nmjustification
nmfor nmnew nmequipment, nmpositions, nmand nmprograms. nm
- nmis nma nmconservative nmmethod nmof nmplanning.
Incremental nmplanning nm- nmCorrect nm nmAnswer nm✔✔ nm- nmassumes nmall nmcurrent
nmoperations, nmequipment, nmand nmpositions nmare nmessential nmto nmthe nmmission nmof
nmthe nmorganization.
What nmis nmcapital nmbudgeting? nm- nmCorrect nm nmAnswer nm✔✔ nm- nmThe nmprocess
nmused nmto nmconvert nmthe nmoperational nmplan nminto nmbudgets nmfor nmcapital
expenditures
What nmis nmthe nmpurpose nmof nma nmSWOT nmanalysis nmduring nman nminternal
nmenvironment nminvestigation? nm- nmCorrect nm nmAnswer nm✔✔ nm- nmTo nmidentify nmthe
nmorganization's nmstrengths nmand nmweaknesses
The nmstrategic nmfinancial nmplan nmis nmthe nmlink nmbetween nmthe nm__________ nmand
nmthe nm__________. nm- nmCorrect nm nmAnswer nm✔✔ nm- nmstrategic nmplan; nmoperational
nmplan
