HCM Exit Exam Comprehensive
questions with verified answers
list the major sources of law in the US - correct answer ✔✔constitutional
statutory
case law
list and describe elements of a negligent tort - correct answer ✔✔duty of care
breach of duty
causation
damages
consequentalism (teleological) - correct answer ✔✔the morality of an action is to be judged
solely by its consequences
non-consequentialism (deontological) - correct answer ✔✔denies that the rightness or
wrongness of our conduct is determined solely by the goodness or badness of the
consequences of our acts or of the rules to which those acts conform
virtue ethics - correct answer ✔✔character-based approach to morality that assumes we
acquire virtue through practice; it enables us to be and act in ways that develop the ideals we
have adopted
beneficence - correct answer ✔✔to act for the benefit of the patient
autonomy - correct answer ✔✔individuals have a right to self-determination, to make decisions
about their lives without interference from others
,non-maleficence - correct answer ✔✔there is an obligation not to inflict harm on others
justice - correct answer ✔✔the application of fairness to individuals in population groups or
communities
veracity - correct answer ✔✔being honest, telling the truth; related to autonomy as patients
need to hear the truth to make decisions in their own best interest
confidentiality - correct answer ✔✔the practice of keeping secret all information deemed
desirable to keep secret
role fidelity - correct answer ✔✔the faithful practice of the duties contained in the particular
practice; forms the basis for virtue ethics
basic elements of valid contracts (express and implied) - correct answer ✔✔express contract-
terms and conditions are spelled out in the contract verbally or in writing
implied contract- terms and conditions are inferred by the actions of the parties involved
offer, acceptance, consideration, competency, and legal intent
agency relationships - correct answer ✔✔relationship between stockholders and management
liability associated with defects in implied and informed consent - correct answer ✔✔
major safeguards and provisions of HIPAA that protect PHI - correct answer ✔✔The Privacy
Rule- protects all individually identifiable health information held or transmitted by a covered
entity or its business associate, in any form
, direct cost - correct answer ✔✔a price that can be directly tied to the production of specific
goods or services, a variable cost that fluctuates with production levels
indirect cost - correct answer ✔✔costs that are not directly accountable to a cost object, can be
either fixed or variable
fixed costs - correct answer ✔✔business costs that are constant regardless of the quantity of
goods or services produced, such as rent
variable cost - correct answer ✔✔a cost that varies with the level of output
sunk costs - correct answer ✔✔a cost that has already occurred and has no potential for
recovery in the future
cost pool - correct answer ✔✔a cost pool is a grouping of individual costs, typically by
department or service center; cost allocations are then made from the cost pool
ex. cost of maintenance for a whole building which is then allocated to the specific departments
using its services
cost driver - correct answer ✔✔causes the cost of an activity to increase or decrease
ex. the number of gallons of water used will determine the total water bill
allocation rate - correct answer ✔✔a percentage of the money left which can be invested after
the charges have been taken off
questions with verified answers
list the major sources of law in the US - correct answer ✔✔constitutional
statutory
case law
list and describe elements of a negligent tort - correct answer ✔✔duty of care
breach of duty
causation
damages
consequentalism (teleological) - correct answer ✔✔the morality of an action is to be judged
solely by its consequences
non-consequentialism (deontological) - correct answer ✔✔denies that the rightness or
wrongness of our conduct is determined solely by the goodness or badness of the
consequences of our acts or of the rules to which those acts conform
virtue ethics - correct answer ✔✔character-based approach to morality that assumes we
acquire virtue through practice; it enables us to be and act in ways that develop the ideals we
have adopted
beneficence - correct answer ✔✔to act for the benefit of the patient
autonomy - correct answer ✔✔individuals have a right to self-determination, to make decisions
about their lives without interference from others
,non-maleficence - correct answer ✔✔there is an obligation not to inflict harm on others
justice - correct answer ✔✔the application of fairness to individuals in population groups or
communities
veracity - correct answer ✔✔being honest, telling the truth; related to autonomy as patients
need to hear the truth to make decisions in their own best interest
confidentiality - correct answer ✔✔the practice of keeping secret all information deemed
desirable to keep secret
role fidelity - correct answer ✔✔the faithful practice of the duties contained in the particular
practice; forms the basis for virtue ethics
basic elements of valid contracts (express and implied) - correct answer ✔✔express contract-
terms and conditions are spelled out in the contract verbally or in writing
implied contract- terms and conditions are inferred by the actions of the parties involved
offer, acceptance, consideration, competency, and legal intent
agency relationships - correct answer ✔✔relationship between stockholders and management
liability associated with defects in implied and informed consent - correct answer ✔✔
major safeguards and provisions of HIPAA that protect PHI - correct answer ✔✔The Privacy
Rule- protects all individually identifiable health information held or transmitted by a covered
entity or its business associate, in any form
, direct cost - correct answer ✔✔a price that can be directly tied to the production of specific
goods or services, a variable cost that fluctuates with production levels
indirect cost - correct answer ✔✔costs that are not directly accountable to a cost object, can be
either fixed or variable
fixed costs - correct answer ✔✔business costs that are constant regardless of the quantity of
goods or services produced, such as rent
variable cost - correct answer ✔✔a cost that varies with the level of output
sunk costs - correct answer ✔✔a cost that has already occurred and has no potential for
recovery in the future
cost pool - correct answer ✔✔a cost pool is a grouping of individual costs, typically by
department or service center; cost allocations are then made from the cost pool
ex. cost of maintenance for a whole building which is then allocated to the specific departments
using its services
cost driver - correct answer ✔✔causes the cost of an activity to increase or decrease
ex. the number of gallons of water used will determine the total water bill
allocation rate - correct answer ✔✔a percentage of the money left which can be invested after
the charges have been taken off
