ACHE FACHE BOG EXAM(RATED A)

For the routine service cost center, an increase in the number of patient days over the budgeted number of patient days will result in: 1. A higher average cost per patient day. 2. A lower average cost per patient day. 3. An increase in the budgeted fixed costs for the routine service cost cent...

CEO Compensation should be based on: a. the compensation arrangement with prior CEO b. executive compensation in local corporations with similar gross revenues c. present day salary plus cost-of living adjustment d. what the institution would have to pay for a similarly prepared person if that p...

According to the Code of Ethics, one way executives can avoid or minimize negative implications of conflict of interest is: a) develop a PR plan to address conflict of interest scenarios b) not participate in specific decisions where conflict may exist c) ensure members submit annual holdings fo...

According to the ACHE's Code of Ethics, one way that healthcare executives can avoid or minimize the negative implications of conflict of interest is to: a. Develop a public relations plan to address potential conflict-of-interest scenarios. b. Not participate in the specific decision where con...

d. Formulate policy and educate hospital personnel about healthcare ethics in general -ANSWER 1) The primary task of an Ethics Committee is to: a. Arbitrate conflicting decisions by caregivers after the patient and/or the immediate family are notified about the matter b. Develop the organization'...

Weighted average cost of capital model (WACC) -ANSWER Method to measure the costs of various service of capital and the impact of the capital structure Weighted average cost of capital model (WACC) -ANSWER The relative amount of debt and equity in the capital structure and the cost of WACC source...

CEO Compensation should be based on: -ANSWER what the institution would have to pay for a similarly prepared person if that person were employed elsewhere An essential function of the governing board is to: -ANSWER approve the mission, vision, and long-range plan The key to enhancing board eff...