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1. What is the primary purpose of weight verification in a CDFA program? A. To determine the economic value of a commodity B. To confirm the accuracy of weights used for product transactions C. To assess the nutritional content of a product D. To calculate shipping costs ANSWER: B. To confirm the accuracy of weights used for product transactions 2. Which agency is primarily responsible for weight verification standards in California? A. USDA B. FDA C. CDFA Division of Measurement Stan...

1. What is the primary purpose of a database? ANSWER: To store and manage data in an organized way for easy retrieval and manipulation. 2. What does DBMS stand for? ANSWER: Database Management System. 3. What is the role of a DBMS? ANSWER: It is software that interacts with end users, applications, and the database itself to capture and analyze data. 4. What is data redundancy? ANSWER: The duplication of data in multiple locations within a database, which can lead to inconsistencies...

1. What is the primary goal of capital budgeting in healthcare organizations? ANSWER: To evaluate and select long-term investments that are expected to provide returns over a period longer than one year, aligning with the organization's strategic goals. 2. What distinguishes a capital expenditure from an operational expenditure? ANSWER: A capital expenditure (CapEx) is for acquiring or upgrading long-term assets, while an operational expenditure (OpEx) is for day-to-day running costs. ...

1. What is the primary focus of healthcare administration? A. Direct patient diagnosis and treatment B. Managing the business and operational aspects of healthcare organizations C. Conducting medical research D. Developing new pharmaceutical drugs ANSWER: B. Managing the business and operational aspects of healthcare organizations 2. Which level of government is primarily responsible for the direct regulation of healthcare professionals' licensure? A. Federal B. State C. County D....

1. What is the primary goal of financial management in a healthcare organization? ANSWER: The primary goal is to ensure the long-term financial sustainability of the organization, allowing it to fulfill its mission of providing quality care. This involves maximizing the value of the organization through prudent resource allocation, ensuring positive cash flow, and generating sufficient profits (or excess revenues over expenses) for reinvestment. 2. Differentiate between accounting and financ...

1. What is the primary purpose of calculating financial ratios in healthcare? a) To prepare tax returns b) To meet physician demands c) To assess the organization's financial performance and condition d) To set patient care standards ANSWER: c) To assess the organization's financial performance and condition 2. Which category of ratios measures an organization's ability to meet its short-term obligations? a) Profitability Ratios b) Liquidity Ratios c) Solvency Ratios d) Effi...

1. What is the primary goal of financial management in a not-for-profit healthcare organization? A. Maximize shareholder wealth B. Maximize reimbursements from insurers C. Ensure financial viability to fulfill the social mission D. Minimize the number of employees ANSWER: C. Ensure financial viability to fulfill the social mission 2. Which of the following is considered a current asset? A. Land B. Building C. Medical equipment D. Accounts receivable ANSWER: D. Accounts receivable ...

1. In Workday, what is the primary purpose of a Payroll Calculation Frequency? A) To define the schedule for running payroll calculations. B) To determine the employee's pay rate. C) To specify the tax jurisdictions for an employee. D) To configure the General Ledger account for payroll results. ANSWER: A) To define the schedule for running payroll calculations. 2. Which Workday business process is used to correct an overpayment to an employee from a prior pay run? A) Ad Hoc Payment ...

1. What is the primary purpose of the Fire Department of the City of New York (FDNY) in relation to fire alarm systems? A. To install systems for building owners B. To test and maintain the systems quarterly C. To promulgate and enforce rules and standards for the installation, maintenance, and use of these systems D. To supply the batteries for all standby power systems ANSWER: C. The FDNY's role is regulatory. They create the rules (promulgate) found in the NYC Fire Code and FC 404, ...

1. What is the primary purpose of the Fire Department of the City of New York (FDNY) in relation to fire alarm systems? A. To install systems for building owners B. To test and maintain the systems quarterly C. To promulgate and enforce rules and standards for the installation, maintenance, and use of these systems D. To supply the batteries for all standby power systems ANSWER: C. The FDNY's role is regulatory. They create the rules (promulgate) found in the NYC Fire Code and FC 404, ...