1) 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 - ANSWER a. Monitoring budget
performance
2) Which of the following should be included in an organization's mission statement?
a. Ethics
b. Services
c. Strategies
d. Facilities - ANSWER b. Services
3) The duty of loyalty requires that:
a. A board member discloses all of their assets before becoming a board member
b. A board 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 - ANSWER c. A board member
refrains from conflicts of interest
4) The CEO of a hospital reports to the:
1
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 - ANSWER a. Monitoring budget
performance
2) Which of the following should be included in an organization's mission statement?
a. Ethics
b. Services
c. Strategies
d. Facilities - ANSWER b. Services
3) The duty of loyalty requires that:
a. A board member discloses all of their assets before becoming a board member
b. A board 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 - ANSWER c. A board member
refrains from conflicts of interest
4) The CEO of a hospital reports to the:
1
