UPDATED QUESTIONS AND CORRECT
ANSWERS
What is a system for providing reward for improvement in productivity? - CORRECT
ANSWER Focus on both non-financial and financial rewards
A positive net present value indicates that the investment has a rate of return? - CORRECT
ANSWER Higher than the discount rate used in the calculation.
Financial risk is an element in capital investment decisions and is determined by? -
CORRECT ANSWER The additional risk placed on the firm when debt financing is
used.
The basic demands of a materials management program require establishing the need for the
right product and in the correct? - CORRECT ANSWER Location
By which means does an organization manage short-term obligations and working capital? -
CORRECT ANSWER Liquidity rations
what is the legal violation associated with policies and procedures resulting in a wrongful act
- one that violates a duty imposed by law and is grounds for civil action? - CORRECT
ANSWER Tort
What type of market research involves collection data about customers via surveys, personal
interviews, observations, and conducting focus groups with members of the community? -
CORRECT ANSWER Primary research
Which type of budget begins with a forecast of volume for the coming year, based on a
review of the previous year's figures and any changes expected for the coming year? -
CORRECT ANSWER Operating budget
, Which of the following determines how a patient evaluates quality of care? - CORRECT
ANSWER Perception and expectation
Motivation categorized as an activity performed for one's own personal satisfaction is called?
- CORRECT ANSWER Intrinsic
A simple formula for calculating downtime rate is? - CORRECT ANSWER 100% -
{[Base Time - Downtime]/ Base Time}.
Who is paid through Medicare Part A? - CORRECT ANSWER Hospitals
Which of the following should be used when preparing a payback period analysis? -
CORRECT ANSWER initial investment/Annual benefits
All of the following types of legal violations can apply to policies and procedure EXCEPT? -
CORRECT ANSWER Unwritten rules.
AN effective career development process which reduces turnover, increases retention,
improves staff satisfaction and morale, and career growth is called? - CORRECT
ANSWER Career ladder.
Which of the following is the major advantage of staging a special event to enhance public
awareness of new programs and existing services? - CORRECT ANSWER Effective
way of reaching multiple target audiences.
Most modalities have similar capabilities from vendor to vendor within a given class of
product EXCEPT for which type of equipment? - CORRECT ANSWER First-in-class
Which of the following does NOT play a role in effectively developing employees to their
full potential? - CORRECT ANSWER Keeping expectations open-ended.