ACHE BOG Exam Sample Test -100 Questions And Answers 2024

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. b. be released from responsibility by giving the audit committee final authority in high risk areas of financial matters, without any action by the whole board c. be held personally liable for wrongful acts or omissions by corporate officers or cotrustees by virtue of their position as trustees d. waive their fiduciary responsibility as a community organization - a. be indicted for alleged theft of facility funds and improper expenditures of facility funds for personal reasons. A facility maintenance program will be most effective if: a. request for service are satisfied promptly. b. reliability, safety and efficient operation guide the plan's design c. system failures occur rarely d. backup plans exist for major system - b. reliability, safety and efficient operation guide the plan's design A joint venture laboratory owned by a hospital and physicians on its medical staff would probably be a violation of fraud and abuse law if it were to: a. market its services to both investors and non-investors b. offer ownership shares at the same price toe referrers and non-referrers c. required investors to refer business to it d. base its profit distribution on the amount of capital contribution, not on referrals - c. required investors to refer business to it A key reason for choosing board members is because: a. other board members want to listen to their opinions. b. of what they can do for the organization c. have high status in the community c. physicians will listen to them they can - b. of what they can do for the organization A non-legitimate reason to release information from a patient's medical record is when: a. subpoenaed by a court order b. requested by the spouse or next of kin c. the patient becomes incompetent d. reporting statistics for a research project - b. requested by the spouse or next of kin A positive net present value indicates that the investment has a rate of return: a. decision on which of the proposed capital projects will be funded b. lower than the discount rate used in the calculation