HSA 464 Final Questions and Answers A+ Graded (2025).

HSA 464 Final Questions and Answers
A+ Graded (2025)




Planning .consists .of .establishing: .- .CORRECT .ANSWER-- .Rules
- .Methods
- .Procedures

Is .a .prerequisite .to .planning .- .CORRECT .ANSWER-Prompt .accounting .system

A .disadvantage .of .top-down .planning .- .CORRECT .ANSWER-Plan .implementation
.may .be .difficult .if .subordinates .have .little .or .no .input


Zero-based .planning .- .CORRECT .ANSWER-- .Requires .justification .for .new
.equipment, .positions, .and .programs
- .Is .a .conservative .method .of .planning

Incremental .planning .- .CORRECT .ANSWER-Assumes .all .current .operations,
.equipment, .and .positions .are .essential .to .the .mission .of .the .organization


Four .stages .of .corporate .planning .- .CORRECT .ANSWER-Strategic .planning,
.operational .planning, .budgeting, .capital .budgeting


Capital .Budgeting .- .CORRECT .ANSWER-The .process .used .to .convert .the
.operational .plan .into .budgets .for .capital


Strategic .thrusts .- .CORRECT .ANSWER-Broad .statements .of .significant .results
.the .organization .wants .to .achieve


The .strategic .financial .plan .is .the .link .between .the ._______ .and .the ._______. .-
.CORRECT .ANSWER-Strategic .plan; .operational .plan


Characteristics .that .differentiate .strategic .planning .from .operational .planning .-
.CORRECT .ANSWER-- .Participants .in .the .planning .process
- .Objectives .of .the .planning .process
- .Planning .horizon

Characteristics .of .a .good .policy .- .CORRECT .ANSWER-- .Flexibility
- .Consistency
- .Clear .communication

, Strategic .plan .should .be .reviewed: .- .CORRECT .ANSWER-on .an .annual .basis

Budgeting .is .the .- .CORRECT .ANSWER-process .of .converting .the .operating .plan
.into .monetary .terms


Prerequisites .to .budgeting .- .CORRECT .ANSWER-- .The .budget .manual .needs .to
.contain .strategic .planning .information
- .Revenues, .expense, .and .volume .data .from .the .previous .year .have .to .be
.gathered

- .The .organization .must .have .a .comprehensive .management .information

Fixed .budgets .are .unreasonable .for .healthcare .organization .because: .-
.CORRECT .ANSWER-Healthcare .organizations' .volumes .fluctuate .throughout .the

.year


An .advantage .to .comprehensive .budgeting .- .CORRECT .ANSWER-All .budgets
.are .consolidated .into .own .document


First .step .in .the .budgeting .process .- .CORRECT .ANSWER-- .project .volumes

Separate .managers .use ._______ .to .determine .volume .- .CORRECT .ANSWER-
Production .units

How .are .production .units .used? .- .CORRECT .ANSWER-- .To .project .volumes
- .To .calculate .the .cost .per .procedure
- .To .anticipate .the .number .of .charity .care .cases

Technique .that .managers .use .to .project .volume .under .conditions .of .uncertainty
.- .CORRECT .ANSWER-Forecasting


Statement .that .describes .cost-led .pricing .- .CORRECT .ANSWER-Expense
.budgets .are .set .before .revenue .budgets


What's .taken .into .account .when .determining .expense .- .CORRECT .ANSWER--
.supplies
- .overhead .costs
- .labor

Managers .can .best .reduce .benefit .expenses .- .CORRECT .ANSWER-- .Employ
.part-time .or .temporary .employees


Department .manager's .objective .in .reviewing .the .department's .staffing .mix .-
.CORRECT .ANSWER-Match .job .tasks .to .job .positions .in .the .most .cost-effective
.manner


Most .common .method .of .evaluating .budget .performance .- .CORRECT .ANSWER-
Variance .analysis