Domains of Healthcare Management such as
Governance and Organizational Structure, Healthcare
Regulations and Laws, Human Resource Management,
and Financial Management
What type of review involves evaluation of management staff by their superiors,
subordinates, and internal and external customers?
a. Annual review.
b. 360-degree review.
c. Competency review.
d. Peer review. ---------CORRECT ANSWER-----------------B
The role of a not-for-profit healthcare organization's governing board includes all
of the following except:
a. Delineate clinical privileges.
b. Ensuring that quality healthcare is delivered.
c. Overseeing the day to day operations.
d. Setting broad institutional policy. ---------CORRECT ANSWER-----------------C
,Medicare Conditions of Participation for hospitals require that a prescribing
practitioner authenticate a verbal order within ________, if not defined by the
state.
a. 24 hours.
b. 48 hours.
c. 7 days.
d. 30 days. ---------CORRECT ANSWER-----------------B
Cost accounting is an important tool which enables the CFO to:
a. Meet Joint Commission fiscal requirements.
b. Ensure supplies are competitively purchased.
c. Determine the actual cost of providing patient care.
d. Improve revenue cycle returns. ---------CORRECT ANSWER-----------------C
What is true about the relationship between acute care hospitals and longterm
care organization?
a. Hospitals and patients frequently have difficulty arranging for nursing home
care services.
b. Hospitals generally do not want to refer patients to nursing homes since part of
the patient care revenue must be shared.
,c. Nursing homes generally do not want to refer patients to hospitals since this
interferes with state or federal length-of stay requirements.
d. Nursing homes are generally thought to be superior to hospitals at chronic
disease management. ---------CORRECT ANSWER-----------------A
The first step in any strategic management scenario planning is to:
a. Develop "what if" scenarios
b. Gather information from as many sources as possible.
c. Develop courses of action that fit within future organizational resources.
d. Conduct a make vs. buy analysis. ---------CORRECT ANSWER-----------------B
Which of the following is the least serious limitation to decision analysis?
a. Oversimplifying the problem.
b. Inadequate data.
c. The decision maker's values.
d. The statistical model. ---------CORRECT ANSWER-----------------D
In a unionized organization, what is the most effective contract dispute resolution
finalization alternative?
a. Mediation.
b. Corporate Campaigns.
, c. Arbitration.
d. Strike. ---------CORRECT ANSWER-----------------C
What does a liquidity ratio measure?
a. A firm's ability to meet its current obligations in a timely manner. b. Size of
dividends to be paid to shareholders.
c. The percent of total funds provided by creditors.
d. Days in accounts receivable. ---------CORRECT ANSWER-----------------A
The real value of financial statements lies in the fact they can be used to help:
a. Predict the firm's future financial condition.
b. Compute total margin versus periodic gain.
c. Relate the industry average to net profit/loss over time.
d. Understand that a large portion of a hospitals net income may come from
nonoperating gains. ---------CORRECT ANSWER-----------------A
Who has the primary responsibility to assure and maintain the integrity and
security of electronic data in a healthcare organization?
a. The Information Services Steering Committee.