Quizzes & Correct Answers (Newest
Quiz_________________?
A correct statement regarding trustee serving as fiduciaries is that they can:
a. be indicted for alleged theft of facility funds and improper expenditures of facility funds for
personal reasons.
b. be released from responsibility by giving the audit committee final authority in high risk
areas of financial matters, without any action by the whole board
c. be held personally liable for wrongful acts or omissions by corporate officers or co-
trustees by virtue of their position as trustees
d. waive their fiduciary responsibility as a community organization -
Answer✅
a. be indicted for alleged theft of facility funds and improper expenditures of facility funds for
personal reasons.
Quiz_________________?
A facility maintenance program will be most effective if:
a. request for service are satisfied promptly.
b. reliability, safety and efficient operation guide the plan's design
c. system failures occur rarely
d. backup plans exist for major system -
Answer✅
1
, b. reliability, safety and efficient operation guide the plan's design
Quiz_________________?
A joint venture laboratory owned by a hospital and physicians on its medical staff would
probably be a violation of fraud and abuse law if it were to:
a. market its services to both investors and non-investors
b. offer ownership shares at the same price toe referrers and non-referrers
c. required investors to refer business to it
d. base its profit distribution on the amount of capital contribution, not on referrals -
Answer✅
c. required investors to refer business to it
Quiz_________________?
A key reason for choosing board members is because:
a. other board members want to listen to their opinions.
b. of what they can do for the organization
c. have high status in the community
c. physicians will listen to them they can -
Answer✅
b. of what they can do for the organization
Quiz_________________?
A non-legitimate reason to release information from a patient's medical record is when:
a. subpoenaed by a court order
b. requested by the spouse or next of kin
c. the patient becomes incompetent
2
, d. reporting statistics for a research project -
Answer✅
b. requested by the spouse or next of kin
Quiz_________________?
A positive net present value indicates that the investment has a rate of return:
a. decision on which of the proposed capital projects will be funded
b. lower than the discount rate used in the calculation
c. equal to the discounted rate used in the calculation
d. equal to the accounting profit averaged over the life of the investment. -
Answer✅
a. decision on which of the proposed capital projects will be funded
Quiz_________________?
A stop-gap measure that a health service might use to manage intergroup conflict, which
allows people to cool down and regain perspective, is:
a. smoothing
b. bargaining
c. integrative problem solving
d. appealing to superordinate goals -
Answer✅
a. smoothing
Quiz_________________?
A system for providing reward for improvement in productivity should:
a. be group based to reinforce teamwork and cooperation
3
, b. focus on nonfinancial rewards only
c. be integrated into the organization's employee appraisal system
d. focus on both nonfinancial and financial rewards. -
Answer✅
d. focus on both nonfinancial and financial rewards
Quiz_________________?
A technique used to shorten the in-house processing time of the accounts receivable cycle
is a:
a. "lock-box" agreement
b. line of credit arrangement
c. minimum balance agreement
d. shorten write-off date -
Answer✅
a. "lock-box" agreement
Quiz_________________?
A weighted average cost of capital is the:
a. accounting cost to the organization of producing all required returns to capital
b. economic cost to the organization of producing all required returns to capital
c. weighted average required rate of return adjusted downward in accordance with GAAP
d. correct discount rate valuing total cash flows received by equity suppliers -
Answer✅
b. economic cost to the organization of producing all required returns to capital
Quiz_________________?
4
Quiz_________________?
A correct statement regarding trustee serving as fiduciaries is that they can:
a. be indicted for alleged theft of facility funds and improper expenditures of facility funds for
personal reasons.
b. be released from responsibility by giving the audit committee final authority in high risk
areas of financial matters, without any action by the whole board
c. be held personally liable for wrongful acts or omissions by corporate officers or co-
trustees by virtue of their position as trustees
d. waive their fiduciary responsibility as a community organization -
Answer✅
a. be indicted for alleged theft of facility funds and improper expenditures of facility funds for
personal reasons.
Quiz_________________?
A facility maintenance program will be most effective if:
a. request for service are satisfied promptly.
b. reliability, safety and efficient operation guide the plan's design
c. system failures occur rarely
d. backup plans exist for major system -
Answer✅
1
, b. reliability, safety and efficient operation guide the plan's design
Quiz_________________?
A joint venture laboratory owned by a hospital and physicians on its medical staff would
probably be a violation of fraud and abuse law if it were to:
a. market its services to both investors and non-investors
b. offer ownership shares at the same price toe referrers and non-referrers
c. required investors to refer business to it
d. base its profit distribution on the amount of capital contribution, not on referrals -
Answer✅
c. required investors to refer business to it
Quiz_________________?
A key reason for choosing board members is because:
a. other board members want to listen to their opinions.
b. of what they can do for the organization
c. have high status in the community
c. physicians will listen to them they can -
Answer✅
b. of what they can do for the organization
Quiz_________________?
A non-legitimate reason to release information from a patient's medical record is when:
a. subpoenaed by a court order
b. requested by the spouse or next of kin
c. the patient becomes incompetent
2
, d. reporting statistics for a research project -
Answer✅
b. requested by the spouse or next of kin
Quiz_________________?
A positive net present value indicates that the investment has a rate of return:
a. decision on which of the proposed capital projects will be funded
b. lower than the discount rate used in the calculation
c. equal to the discounted rate used in the calculation
d. equal to the accounting profit averaged over the life of the investment. -
Answer✅
a. decision on which of the proposed capital projects will be funded
Quiz_________________?
A stop-gap measure that a health service might use to manage intergroup conflict, which
allows people to cool down and regain perspective, is:
a. smoothing
b. bargaining
c. integrative problem solving
d. appealing to superordinate goals -
Answer✅
a. smoothing
Quiz_________________?
A system for providing reward for improvement in productivity should:
a. be group based to reinforce teamwork and cooperation
3
, b. focus on nonfinancial rewards only
c. be integrated into the organization's employee appraisal system
d. focus on both nonfinancial and financial rewards. -
Answer✅
d. focus on both nonfinancial and financial rewards
Quiz_________________?
A technique used to shorten the in-house processing time of the accounts receivable cycle
is a:
a. "lock-box" agreement
b. line of credit arrangement
c. minimum balance agreement
d. shorten write-off date -
Answer✅
a. "lock-box" agreement
Quiz_________________?
A weighted average cost of capital is the:
a. accounting cost to the organization of producing all required returns to capital
b. economic cost to the organization of producing all required returns to capital
c. weighted average required rate of return adjusted downward in accordance with GAAP
d. correct discount rate valuing total cash flows received by equity suppliers -
Answer✅
b. economic cost to the organization of producing all required returns to capital
Quiz_________________?
4
