Latest Update 2025-2026 100 Questions and
100% Verified Correct Answers Guaranteed A+
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 - CORRECT
ANSWERS: 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 - CORRECT ANSWERS: 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 -
CORRECT ANSWERS: 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 - CORRECT ANSWERS: 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 - CORRECT ANSWERS: 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
c. equal to the discounted rate used in the calculation
d. equal to the accounting profit averaged over the life of the investment. - CORRECT
ANSWERS: a. decision on which of the proposed capital projects will be funded
A stop-gap measure that a health service might use to manage intergroup conflict,
which allows people to cool down and regain perspective, is:
a. smoothing
b. bargaining
c. integrative problem solving
d. appealing to superordinate goals - CORRECT ANSWERS: a. smoothing
, A system for providing reward for improvement in productivity should:
a. be group based to reinforce teamwork and cooperation
b. focus on nonfinancial rewards only
c. be integrated into the organization's employee appraisal system
d. focus on both nonfinancial and financial rewards. - CORRECT ANSWERS: d. focus
on both nonfinancial and financial rewards
A technique used to shorten the in-house processing time of the accounts receivable
cycle is a:
a. "lock-box" agreement
b. line of credit arrangement
c. minimum balance agreement
d. shorten write-off date - CORRECT ANSWERS: a. "lock-box" agreement
A weighted average cost of capital is the:
a. accounting cost to the organization of producing all required returns to capital
b. economic cost to the organization of producing all required returns to capital
c. weighted average required rate of return adjusted downward in accordance with
GAAP
d. correct discount rate valuing total cash flows received by equity suppliers -
CORRECT ANSWERS: b. economic cost to the organization of producing all required
returns to capital
All of the following are commonly recognized to be right of each patient EXCEPT the
right to:
a. received considerate and respectful care
b. access protective services
c. communicate with caregiver in the language the patient's choosing