ACHE FACHE BOG Governance and Org Structure Test
with All Correct & 100% Verified Answers| Updated to
Pass
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 ✔Correct 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 ✔Correct 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 ✔Correct Answer-c. A board member refrains
from conflicts of interest
4) 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
5) The danger of having a large board (> 17) is:
with All Correct & 100% Verified Answers| Updated to
Pass
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 ✔Correct 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 ✔Correct 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 ✔Correct Answer-c. A board member refrains
from conflicts of interest
4) 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
5) The danger of having a large board (> 17) is:
