ACHE Fellowship Exam QUESTION WITH COMPLETE
SOLUTIONS
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 received, as opposed
to that initially posted; equal to gross revenue minus adjustments for
bad debts, charity, and discounts to third parties.
Non operating revenue - correct answer Income generated from non-
patient care activities, including investments in securities and earnings
from unrelated businesses.
Publicly owned healthcare organization - correct answer This type
organization is required to submit a statement of earnings, financial
positions, changes in financial position and earnings annually.
Transition Matrix - correct answerProbability models that forecast the
internal flow of employees from one job category to another.
Demand-pull approach - correct answerForecasting organizational
needs for human resources by focusing on specific openings that are
likely to occur and using these for planning.
Supply-push approach - correct answerForecasting the internal supply
of employees as they move from their current jobs into others through
promotions, lateral moves and terminations.
SOLUTIONS
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 received, as opposed
to that initially posted; equal to gross revenue minus adjustments for
bad debts, charity, and discounts to third parties.
Non operating revenue - correct answer Income generated from non-
patient care activities, including investments in securities and earnings
from unrelated businesses.
Publicly owned healthcare organization - correct answer This type
organization is required to submit a statement of earnings, financial
positions, changes in financial position and earnings annually.
Transition Matrix - correct answerProbability models that forecast the
internal flow of employees from one job category to another.
Demand-pull approach - correct answerForecasting organizational
needs for human resources by focusing on specific openings that are
likely to occur and using these for planning.
Supply-push approach - correct answerForecasting the internal supply
of employees as they move from their current jobs into others through
promotions, lateral moves and terminations.
