Governance and Org Structure with All Correct & 100%
Verified Answers| Updated to Pass
The finance committee of the Board is responsible for:
a) Monitoring budget performance
b) Awarding CEO increases and bonuses
c) Acting on behalf of the Board in their absence d) Permitting joint ventures with other corporations
✔Correct answer-a) Monitoring budget performance
Which of the following should be included in an organization's mission statement?
a) Ethics
b) Services
c) Strategies
d) Facilities ✔Correct answer-b) Services
The duty of loyalty requires that:
a) Aboard member discloses al of their assets before becoming a board member
b) Aboard member belongs to as few healthcare organizations as possible
c) A board member refrains from conflicts of interest
d) A board member serves out his/her entire term ✔Correct answer-c) A board member refrains
from conflicts of interest
The CEO of a hospital reports to the:
a) Board chair
b) The executive committee of the board
c) The compensation and evaluation committee of the board
d) The entire board ✔Correct answer-d) The entire board
The danger of having a large board >( 17) is:
a) The board can never have a quorum
b) The board will not be able to elect a chair person
c) There will be too many committees
d) The executive committee will make all of the important decisions ✔Correct answer-d) The
executive committee will make all of the important decisions
Regarding the hiring of employees, the Board should be intimately involved ni which of the following
positions:
a) Al management personnel
b) Al employees within the organization
c) The CEO
d) Al clinical personnel ✔Correct answer-c) The CEO