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JMESI-US026 - Financial Management Two. Applications Questions and Answers 100% Solved
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JMESI-US026 - Financial Management Two. Applications
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JMESI-US026 - Financial ManagementTwo. Applications
Operational planning is the process used to determine the organization's overall
direction. - answerFalse
The role of a Resource Management Officer is to serve as the coordinator of the
organizations' budget committee. - answerTrue
What is the budgeting method used by the DoD? - answerPlanning, Programming,
Budgeting, and execution (PPBE) Process
After funding guidance is received and considered, what is the next step in the
budgeting process at the healthcare organization? - answerDetermine total
requirements by line item or Element of Resource (EOR).
What tool or approach should be used when an healthcare organization is considering a
major new service or product line? - answerBusiness plan/case analysis
What is the primary source of funding for healthcare organizations? - answerOperations
and Maintenance (O&M)
What is the process used to convert the operating plan into budget for major
expenditures? - answerCapital budgeting.
What is the most common method of evaluating budget performance? - answerThrough
the use of variance analysis
Which committee focuses on the details of the budget for the healthcare organization? -
answerWorking Budget Committee
Which one of the following capital expenditure categories should be given the first
priority? - answerSafety and environmental concerns
Which one of the following is developed first? - answerStrategic plan
Your healthcare organization is considering the purchase of a piece of equipment that
costs $10,000.00. You are able to charge $50.00 per procedure using the equipment
and your variable cost is $40.00 per procedure. What would be the break-even point in
numbers of procedures for this piece of equipment? - answer1000
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