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Fellow of the American College of Healthcare
Executives (FACHE) Exam Questions and
Answers from Board of Governors (BOG)
Course with Complete Solutions
The primary task of marketing is to - ANSWER>>Bring about voluntary exchanges of
values
If a hospital has no competitive advantage in a crowded market, which strategy
should it pursue? - ANSWER>>Prioritize market segments and heavily promote to
key groups
The objective of maintenance and repair services is best achieved by emphasizing -
ANSWER>>Efficiency
A healthcare facility can best meet its social and economic goals by -
ANSWER>>Developing a realistic and coordinated approach to long-range planning
When contracting for services, organizations typically find the best value when -
ANSWER>>There is competition between several suppliers with proven
performance and reputation
Which statement about forecasting is false? - ANSWER>>Forecasting performed by
technological methods is an exact science
The most successful strategic planning approach includes - ANSWER>>A well-written
mission statement, long-range plan, fiscal plan, and discussion surrounding them
One of the best ways to determine market size and competitor share is to -
ANSWER>>Estimate the production capacity of each competitor
When data are scarce, the best forecasting method is - ANSWER>>Qualitative
techniques
A healthcare organization's recognized service reputation built over time is called -
ANSWER>>Brand equity
Which procedure helps prevent problems in purchasing/receiving processes? -
ANSWER>>Principle of dual receiving accountability for invoice payment
Fellow of the American College of Healthcare
Executives (FACHE) Exam Questions and
Answers from Board of Governors (BOG)
Course with Complete Solutions
The primary task of marketing is to - ANSWER>>Bring about voluntary exchanges of
values
If a hospital has no competitive advantage in a crowded market, which strategy
should it pursue? - ANSWER>>Prioritize market segments and heavily promote to
key groups
The objective of maintenance and repair services is best achieved by emphasizing -
ANSWER>>Efficiency
A healthcare facility can best meet its social and economic goals by -
ANSWER>>Developing a realistic and coordinated approach to long-range planning
When contracting for services, organizations typically find the best value when -
ANSWER>>There is competition between several suppliers with proven
performance and reputation
Which statement about forecasting is false? - ANSWER>>Forecasting performed by
technological methods is an exact science
The most successful strategic planning approach includes - ANSWER>>A well-written
mission statement, long-range plan, fiscal plan, and discussion surrounding them
One of the best ways to determine market size and competitor share is to -
ANSWER>>Estimate the production capacity of each competitor
When data are scarce, the best forecasting method is - ANSWER>>Qualitative
techniques
A healthcare organization's recognized service reputation built over time is called -
ANSWER>>Brand equity
Which procedure helps prevent problems in purchasing/receiving processes? -
ANSWER>>Principle of dual receiving accountability for invoice payment
