HSA 300 Health Service Organizational Management Mid Term CH 5, 7 and 11 - 13 Questions with Answers

HSA 300 Health Service Organizational Management Mid Term CH 5, 7 and 11 - 13 • Question 1 0 out of 4 points How do the Mission, Vision and Value statements tie to the strategic plan? Selected Answer: They are enduring statements of the organization's purpose. Answers: They are enduring statements of the organization's purpose. They help to identify specific market opportunities and threats. They identify a specific future state of the organization. They are reaffirmed during the planning process to ensure they are aligned with future strategic directions. They help to change the organization's culture. • Question 2 4 out of 4 points Which of the following statements about the inclusion of key financial indicators in the planning process is true? Selected Answer: Pricing and/or rate setting arrangements should be included. Answers: Pricing and/or rate setting arrangements should be included. Budget targets should have a margin of +/- 5%. The financial reserves of an organization need not be considered. Historical data should be included, but not forecasts since the plan has not yet been completed.