Questions and answers already
passed 2025/2026
CEO Compensation should be based on: - correct answer ✔what the institution would have to pay for a
similarly prepared person if that person were employed elsewhere
An essential function of the governing board is to: - correct answer ✔approve the mission, vision, and
long-range plan
The key to enhancing board effectiveness is: - correct answer ✔organizing the board's work
Members of the medical staff are eligible for full membership on the governing board in the same
manner as other individuals: - correct answer ✔when not legally prohibited
The Chief Executive Officer: - correct answer ✔represents the board internally and externally
Regarding the budget, the board: - correct answer ✔establishes guidelines and makes final choices
among competing opportunities
The individual or group responsible for establishing policy, maintaining quality of care, and providing for
institutional management planning is the: - correct answer ✔Governing Body
A correct statement regarding trustee serving as fiduciaries is that they can: - correct answer ✔be
indicted for alleged theft of facility funds and improper expenditures of facility funds for personal
reasons.
Ultimate responsibility for the mission statement rests with the: - correct answer ✔Governing Board
, A key reason for choosing board members is because: - correct answer ✔of what they can do for the
organization
The bylaws of healthcare organization should include which of the following? - correct answer
✔Composition of the governing board, committee, and officers
Successful approaches to strategic planning include: - correct answer ✔a well-written mission
statement, long-range plane, and fiscal plan plus the history and discussion surrounding them
The primary challenge facing a prospector is: - correct answer ✔managing diversification successfully,
to guard against expanding too rapidly or into areas they have little knowledge
In the introductory stage of a product life cycle: - correct answer ✔the introductory stage can be short
and the introductory stage can be long and sales and revenue growth is slow
The primary task of marketing is to: - correct answer ✔bring about exchanges of values
It would be incorrect to say that: - correct answer ✔an organization's image is largely the result of
public relations, advertising, selling, and communication efforts.
It is important to understand the consumer adoption process because: - correct answer ✔people differ
significantly in their likelihood to try a new product/service, a factor that should affect an organization's
communications plans for its new product /service
All of the following can be used to establish marketing budgets? - correct answer ✔Objective and task
method