QUESTIONS WITH COMPLETE
ANSWERS { GRADED A+}
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 - ✔✔d. 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:
a. approve the mission, vision, and long-range plan
b. focus on strategic planning
c. prepare the operating plan
d. review the performance of departmental managers - ✔✔a. approve
the mission, vision, and long-range plan
The key to enhancing board effectiveness is:
a. getting the right people to serve on the board
b. supporting and selecting the right CEO
c. orientating and training the CEO
d. organizing the board's work - ✔✔d. organizing the board's work
Members of the medical staff are eligible for full membership on the
governing board in the same manner as other individuals:
a. when not legally prohibited
,b. when they do not actively practice in the organization
c. when they are not full-time employees
d. if they are not foreign nationals - ✔✔a. when not legally prohibited
The Chief Executive Officer:
a. is a member of the board
b. represents the board internally and externally
c. is not a member of the board
d. has a contract with the board - ✔✔b. represents the board internally
and externally
Regarding the budget, the board:
a. does not use the budget exercise as a way to improve quality and
productivity
b. gets involved in preparing budgets for all operational units
c. decides which personnel are needed in top management
, d. establishes guidelines and makes final choices among competing
opportunities - ✔✔d. establishes guidelines and makes final choices
among competing opportunities
The individual or group responsible for establishing policy, maintaining
quality of care, and providing for institutional management planning is
the:
a. COO
b. Medical Staff Medical Committee
c. Governing Body
d. CEO - ✔✔c. Governing Body
A correct statement regarding trustee serving as fiduciaries is that they
can:
a. be indicted for alleged theft of facility funds and improper
expenditures of facility funds for personal reasons.