CPHRM TEST PREP -
HEALTHCARE
OPERATIONS
Assignment - ANSWERSAct of transferring to another all or part of one's property, interest or
rights.
Benchmarking - ANSWERSComparative process used by organizations to collect and measure
internal or external data that may ultimately be used for the purpose of developing,
implementing and sustaining quality improvements.
Breach of Contract - ANSWERSFailure, without legal excuse, to perform any promise that forms
the whole or part of a contract. Hindrance by a party regarding the required performance of the
rights and duties identified in the contract.
Collective Bargaining - ANSWERSConsists of negotiations between an employer and a group of
employees so as to determine the conditions of employment. The result of collective bargaining
procedures is a collective agreement. Employees are often represented in bargaining by a union
or other labor organizations.
Consideration - ANSWERSIn contract law, something of value exchanged for the promised
performance of the other contracting party. Contracts frequently call for monetary
consideration to be exchanged for the promise to provide specified goods or services.
COSO (Committee of Sponsoring Organization) - ANSWERSIndependent private sector initiative
which studied ERM and has made recommendations on ERM structure and implementation.
HEALTHCARE
OPERATIONS
Assignment - ANSWERSAct of transferring to another all or part of one's property, interest or
rights.
Benchmarking - ANSWERSComparative process used by organizations to collect and measure
internal or external data that may ultimately be used for the purpose of developing,
implementing and sustaining quality improvements.
Breach of Contract - ANSWERSFailure, without legal excuse, to perform any promise that forms
the whole or part of a contract. Hindrance by a party regarding the required performance of the
rights and duties identified in the contract.
Collective Bargaining - ANSWERSConsists of negotiations between an employer and a group of
employees so as to determine the conditions of employment. The result of collective bargaining
procedures is a collective agreement. Employees are often represented in bargaining by a union
or other labor organizations.
Consideration - ANSWERSIn contract law, something of value exchanged for the promised
performance of the other contracting party. Contracts frequently call for monetary
consideration to be exchanged for the promise to provide specified goods or services.
COSO (Committee of Sponsoring Organization) - ANSWERSIndependent private sector initiative
which studied ERM and has made recommendations on ERM structure and implementation.
