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What are the historical foundations of financial accounting statements? - correct answer Bankers and other investors need accounting information to make intelligent investment decisions; managers need it to operate their organizations efficiently, and taxing authorities need it to assess taxes in an equitable manner. Owners require reports to see how effectively their own enterprises were being operated. Do any problems arise when translating physical assets...

What are some methods businesses can use to accelerate receipts? - correct answer Lockboxes, Concentration banking, electronic claims processing what is a lockbox system? - correct answer payers send checks to a local P.O. Box, instead of head quarters far away What is concentration banking? - correct answer Mobilize funds from decentralized receiving locations (lockboxes) into one or m...

Why is it necessary to have a book dedicated to healthcare finance? - correct answer Financial realities play an important role in health services decision making, it is vital that managers at all levels understand the basic concepts of healthcare finance and how concepts are used to enhance the financial well-being of the organization. What is meant by the term healthcare finance? - correct answer Means the accounting & fi...

what is the revenue cycle? - correct answer the set of recurring activities and related information processing required to provide patient services and collect for those services. It should ensure that patients are properly categorized by payment obligation, that correct and timely billing takes place, and that correct payment is promptly received what are the 4 phases that make up the revenue cycle? - correct answer 1. tho...

Health Sectors - correct answer Health Services Health Insurance Medical Equipment and Suppliers Pharmaceuticals and Biotechnology Other Health Services - correct answer Providers of health services, including medical practices, hospitals, nursing homes, home healthcare agencies, and hospice providers Health Insurance - correct answer § Makes most of the payments to health service ...

what is the percent paid in the next dollar earned? (tax) - correct answer marginal what is the tax bill/ taxable income - correct answer average what a fund? - correct answer set of accounts, separate and set aside for a special purpose what is an unrestricted fund? - correct answer donations with no strings attached what is a restricted fund? -...

management of receivables - correct answer management of money owed to provider (3rd party payors) revenue cycle - correct answer reoccurring activities required to provide patient services and collect for them -ensures patients that they are properly categorizing by pt. obligation, correct billing takes place, and correct payment is received 4 revenue cycle phases - correct answer oc...

What is so unique about the healthcare services industry - especially from a financial perspective? - correct answer Healthcare institutions are primarily not-for-profit and are "owned" by shareholders. The not-for-profit entities are tax exempt and provide charitable care to repay their funds from the Hill-Burton Act. The healthcare industry also differs from many industries in its reimbursement forms which occur primarily through third-party payers, Med...

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Claim that our attributions and behaviors are shaped by a deep-seated assumption that the world is fair and all things happen for a reason - correct answer just-world hypothesis Tendency to favor individuals within our group over those from outside our group - correct answer in-group bias Error of assuming that no one in a group perceives things as we do - correct answer pluralistic ign...

Who was the first psychologist to use psychology in advertising? - correct answer Walter Dill Scott Which test designed for the Army was used for recruits who were not fluent in English? - correct answer Army Beta Which area of I-O psychology measures job satisfaction? - correct answer organizational psychology Which statement best describes the Hawthorne effect? - correct answer ...

mental health disorder - correct answer a dysfunction in thinking (cognition), emotions, and/or social behavior that impairs functioning and is not culturally expected Psychopathology - correct answer the scientific study of mental health disorders medical model - correct answer perspective that views mental health disorders as similar to physical diseases; they result from biological d...

What test is constructed in a limited-or-forced-choice format? - correct answer Objective Test What is a test's ability to measure what it is supposed to measure? - correct answer Validity What is the rise of nearly 25 points in U.S. IQ scores since 1918 known as? - correct answer Flynn Effect What attempts to determine a person's preferences, attitudes, and interests? - correc...

psychology is the study of how people think about, influence, and relate to other people. - correct answer social The bystander effect makes it Blank______ likely an individual will help someone in need when other people are around - correct answer less People are trained in first aid classes to ask a specific person to call 911, rather than saying "somebody call 911." The reason for this is to combat: - correct an...

personality refers to a relatively stable pattern of ______, ______, and _____ that distinguishes one person from another. - correct answer thinking, feeling, behaving what are self-report inventories? purpose? - correct answer identify recruits who were not table; assessing personality and diagnose psychological disorders what is the MMPI and purpose? - correct answer Minnesota Multiphasic Personality inve...

what are psychological disorders? - correct answer thoughts, feelings, and emotions that are persistent, harmful to the one experiencing them, and uncontrollable what do psychologists who study mental disorders do and what affect does it have on them? - correct answer they seek to uncover ways to understand, treat, and prevent human misery. doing so heightens one's sensitivity to his/her own eccentricities what is the...

Test/Retest - correct answer taking the same test at different times Interrater - correct answer scored at different times by different people Split-half - correct answer dividing the test items in half and scoring them differently Predictive - correct answer testing predicts performance (How well they will do) Percentiles - correct answer ...

Attribution Theory - correct answer the theory that we explain someone's behavior by crediting either the situation or the person's disposition (traits) Fundamental Attribution Error - correct answer the tendency for observers, when analyzing another's behavior, to underestimate the impact of the situation and to overestimate the impact of personal disposition Foot-In-The-Door Phenomenon - correct answer ...

If you are asked to describe your best friends by explaining how they act, typically feel, and what they think about, you would be describing their - correct answer personality According to Freud, the __________ mind was the most important determining factor in human behavior and personality. - correct answer unconscious According to Freud, which part of the personality is totally buried within each individual? - correct...

Abnormal psychology - correct answer ____________ _______________ is the psychological study of mental illness. Maladaptive behavior - correct answer ______________ ____________: behavior that hinders a person's ability to function in work, school, relationships, or society. self/others/day-to-day/injury/death/legal/breaking - correct answer Three main criteria to identify abnormal...