Questions
And Answers @ 2025
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 - Answer 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 - Answer 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 - Answer 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 - Answer 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 - Answer 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 -
Answer 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 - Answer 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.
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 co-trustees
by virtue of their position as trustees
d. waive their fiduciary responsibility as a
community organization - Answer a. be indicted
for alleged theft of facility funds and improper
expenditures of facility funds for personal
reasons.
Ultimate responsibility for the
mission statement rests with the: a.
CEO and medical staff
b. Governing Board
c. Community and CEO