A+ Graded Paper
Board of Governors Exam 2025 - Set with Key
Terms, Concepts & Practice Q&A–100% Accurate
Q&A
Questions and Mark scheme
Version: Final 1.1
,Critical Access Hospital (CAH) - ✔✔Must have <25 beds and 24-hour emergency services. Must be >35 miles from
another hospital in a rural community. Reimbursed on a cost base.
Cost-Based Reimbursement - ✔✔CAHs receive reimbursement based on incurred costs.
Primary Prevention - ✔✔Aims to prevent disease before it occurs.
Secondary Prevention - ✔✔Halts disease progression after diagnosis.
Variable Cost Rate - ✔✔Cost per visit minus fixed costs.
Capital Expenditures - ✔✔Identifying and prioritizing organizational investments.
Taft-Hartley Amendments - ✔✔1. Amended NLRA union laws
2. Outlawed closed shops
3. Removed not-for-profit hospitals from unionization
Strike Rights - ✔✔Employees have the right to strike.
Retaliatory Powers - ✔✔Limited employer actions against union activities.
Physician Contracting - ✔✔Agreements for care provision in HMOs.
Dependent Variable - ✔✔Variable affected by other factors in analysis.
Problem Contribution Analysis - ✔✔Identifies major contributors to a problem.
60-Day Notice Requirement - ✔✔Mandates advance notice for layoffs.
, Management Law - ✔✔Regulates unfair labor practices by unions.
Closed Shop - ✔✔Union security agreement requiring union membership.
Secondary Strikes - ✔✔Strikes against a secondary employer supporting a primary strike.
Collective Bargaining Agreement - ✔✔Contract between employer and union on labor conditions.
Medicare - ✔✔National health insurance for seniors and disabled.
Medicare Part A - ✔✔Covers hospital stays and inpatient care.
Accrual Accounting - ✔✔Recognizes economic events when they occur.
OSHA - ✔✔Sets workplace safety standards and conducts inspections.
Current Ratio - ✔✔Current assets divided by current liabilities.
Average Collection Period - ✔✔Average time to collect receivables.
Average Payment Period - ✔✔Average time to pay suppliers.
Economic Events - ✔✔Recognized upon occurrence, not cash flow.
Descriptive Methods - ✔✔Summarize or describe observations.
Inferential Methods - ✔✔Use observations for estimates or predictions.
Market Demand - ✔✔Consumer willingness to purchase goods or services.
Market Potential - ✔✔Maximum possible sales volume in a market.
Board of Governors Exam 2025 - Set with Key
Terms, Concepts & Practice Q&A–100% Accurate
Q&A
Questions and Mark scheme
Version: Final 1.1
,Critical Access Hospital (CAH) - ✔✔Must have <25 beds and 24-hour emergency services. Must be >35 miles from
another hospital in a rural community. Reimbursed on a cost base.
Cost-Based Reimbursement - ✔✔CAHs receive reimbursement based on incurred costs.
Primary Prevention - ✔✔Aims to prevent disease before it occurs.
Secondary Prevention - ✔✔Halts disease progression after diagnosis.
Variable Cost Rate - ✔✔Cost per visit minus fixed costs.
Capital Expenditures - ✔✔Identifying and prioritizing organizational investments.
Taft-Hartley Amendments - ✔✔1. Amended NLRA union laws
2. Outlawed closed shops
3. Removed not-for-profit hospitals from unionization
Strike Rights - ✔✔Employees have the right to strike.
Retaliatory Powers - ✔✔Limited employer actions against union activities.
Physician Contracting - ✔✔Agreements for care provision in HMOs.
Dependent Variable - ✔✔Variable affected by other factors in analysis.
Problem Contribution Analysis - ✔✔Identifies major contributors to a problem.
60-Day Notice Requirement - ✔✔Mandates advance notice for layoffs.
, Management Law - ✔✔Regulates unfair labor practices by unions.
Closed Shop - ✔✔Union security agreement requiring union membership.
Secondary Strikes - ✔✔Strikes against a secondary employer supporting a primary strike.
Collective Bargaining Agreement - ✔✔Contract between employer and union on labor conditions.
Medicare - ✔✔National health insurance for seniors and disabled.
Medicare Part A - ✔✔Covers hospital stays and inpatient care.
Accrual Accounting - ✔✔Recognizes economic events when they occur.
OSHA - ✔✔Sets workplace safety standards and conducts inspections.
Current Ratio - ✔✔Current assets divided by current liabilities.
Average Collection Period - ✔✔Average time to collect receivables.
Average Payment Period - ✔✔Average time to pay suppliers.
Economic Events - ✔✔Recognized upon occurrence, not cash flow.
Descriptive Methods - ✔✔Summarize or describe observations.
Inferential Methods - ✔✔Use observations for estimates or predictions.
Market Demand - ✔✔Consumer willingness to purchase goods or services.
Market Potential - ✔✔Maximum possible sales volume in a market.
