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DLM (ASCP) Exam Questions and Answers 100% Correct| Latest Update 2024
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DLM (ASCP) Exam Questions and Answers 100% Correct| Latest Update 2024
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DLM (ASCP) Exam Questions and Answers 100%Correct| Latest Update 2024
Employment cycle - ✔✔covers all stages in the process of employing staff:
1. recruitment and acquisition costs (pre-employment screen)
2. training/developmental costs (ongoing)
3. productive/operational periods
4. termination/separation of employee from institution costs
analyze labor costs - ✔✔institutional labor cost evaluation (employment cycle)
technical evaluation of labor cost - assign labor costs to production activities that generate
expenses. helps manager identify where efforts are being expended and productivity
accounting and budgeting labor analysis - helps monitor staffing levels, productivity
and management performance against budget objectives
preanalytical time - ✔✔specimen collection, prep, instrument
analytical time - ✔✔performing/resulting tests
post analytical time - ✔✔reporting and routine maintenance
total hours - ✔✔productive hours + nonproductive hours
,productive hours - ✔✔actual worked hours includes overtime and training
nonproductive hours - ✔✔compensated but not worked. sick leave, vacation, bereavement, etc.
Full-time equivalent (FTE) - ✔✔An employee who works full-time, 40 hours per week,
2080 hours per year (total number of hours paid/ 2080)
171 or 177 hours - per month
Productivity Measurement - ✔✔workload unit (WLU)/ labor units
time studies - ✔✔time required for handling, testing, recording and reporting, daily and
periodic activities, maintenance and repair, and direct technical supervision.
paid productivity - ✔✔tests/ number paid hours
number of tests performed per paid hour.
worked productivity - ✔✔tests/ number worked
hours number of tests performed per worked hour
projected salary - ✔✔total paid hours x average hourly rate
average hourly rate - ✔✔salary expense/ paid hours
,supplies - ✔✔meet specific time and price criteria. have shelf life of less than a year.
economic ordering quantity (EOQ) - ✔✔Optimum amount to order at one time
economic ordering point (EOP) - ✔✔base/safety level for
reordering (annual usage/365 days) x lead time in days
optimal reordering time (ROT) - ✔✔best time to reorder to take advantage of EOQ and
EOP (EOQ/Annual Usage) x 365 days
Payback Period - ✔✔the amount of time required for an investment to generate cash
flows sufficient to recover its initial cost
payback period formula - ✔✔cost of investment / annual net cash flow
Average rate of return (ARR) - ✔✔calculates the average annual profit of an investment
project, expressed as a percentage of the initial sum of money invested
annual depreciation - ✔✔(cost - salvage value) / useful life
, Net Present Value (NPV) - ✔✔current value of an investment taking into account impact
of interest and inflation on earnings and anticipated revenue received of a period of years.
sum of present values of each net cash flow (each year)
Initial Rate of Return (IRR) - ✔✔the discount rate that makes the NPV of an investment zero.
top-down budget - ✔✔A process by which executive managers (hospital
administration/pathologists) create the budget, and that budget is then pushed down through the
rest of the organization.
bottom up budget - ✔✔A budgeting process that begins at the lowest levels of management
and filters up through the organization. comes from managers creating their own budget for
their sections
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