Governors State University

Acid-test ratio - CORRECT ANSWER The ratio of total assets to total liability Market Potential - CORRECT ANSWER The volume that would be realized if each prospective consumer were to purchase a specific amount of a particular service during a defined future time frame. General Ledger - CORRECT ANSWER Entries assign capital costs through depreciation of long-term assets, adjust inventory values, and allocate expenses of central services. Net Revenue - CORRECT ANSWER Income actually receive...

Implement the mission, strategies and goals established by the governing board is(correct answer to) 1) The purpose of management in a healthcare organization is to: a. Oversee appointment of competent medical staff to render care for the service area b. Appoint an effective governing board based on the wishes of the medical staff c. d. Implement stakeholder wishes on the future direction the organization should take b. An active command structure is(correct answer to) 2) An effective emerg...

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 person were employed elsewhere - CORRECT ANS d. what the institution would have to pay for a similarly prepared person if that person were employed elsewhere An essential function of the governin...

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 center. 4.No change in the average cost per patient day. - CORRECT ANS 2. Which of the following balance sheet items would differ between a for-profit and a not-for-profit healthcare organization? ...

According to ACHE's Code of Ethics, one way that healtcare executives can avoid or minimoze the negative implications of conflict of interest - CORRECT ANSWER Make the conflict known to those in superior positions The principles of quality improvement require that healthcare exectutive change their management philosophy from - CORRECT ANSWER Finding fault with employees to finding problems in processes What type of problems arises when a healthcare executive knowingly allows the org...

Acid-test ratio - CORRECT ANS The ratio of total assets to total liability Market Potential - CORRECT ANS The volume that would be realized if each prospective consumer were to purchase a specific amount of a particular service during a defined future time frame. General Ledger - CORRECT ANS Entries assign capital costs through depreciation of long-term assets, adjust inventory values, and allocate expenses of central services. Net Revenue - CORRECT ANS Income actually rec...

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 for inspection d) make the conflict known to those in superior positions - CORRECT ANS D The principles of quality improvement require that executives change their management philosophy from: A...

Sarbanes Oxley - CORRECT ANS US federal law that set new or expanded requirements for all US public company boards, management and public accounting firms. Cover responsibilities of a public corporation's board of directors, adds criminal penalties and required SEC to create regulations FMLA - CORRECT ANS 1993: law requiring covered employers to provide employees with job-protected and unpaid leave for qualified medical family reasons Purpose of any HCO - CORRECT ANS to provide...

Community Health - CORRECT ANS A focus on sustaining all members of a community at their highest possible level of functioning for their individual happiness and their collective benefit Community Hospital - CORRECT ANS A short-stay general or specialty (e.g. Women', children's, eye, orthopedic) hospital, excluding those owned by the federal government Healthcare system - CORRECT ANS Healthcare organization's that operate multiple services units under a single ownership Type...

Health Insurance Portability & Accountability Act (HIPAA) is a Federal Law designed to facilitate the electronic exchange of information in health care. Which of the following does not pertain to this law? a) Privacy protection components of the law limit non-consensual use as a release or private health information b) Patients must receive notice of privacy rights c) Restrictions on access to and use of information is required d) Criminal and civil sanctions do not exist for improper use an...