ACHE FACHE

Acid-test ratio - correct answer The ratio of total assets to total liability Market Potential - correct answer The volume that would be realized if each prospective consumer were to purchase a specific amount of a particular service during a defined future time frame. General Ledger - correct answer Entries assign capital costs through depreciation of long-term assets, adjust inventory values, and allocate expenses of central services. Net Revenue - correct answer Income actually recei...

For the routine service cost center, an increase in the number of patient days over the budgeted number of patient days will result in: 1. A higher average cost per patient day. 2. A lower average cost per patient daylight hours. 3. An increase in the budgeted fixed costs for the routine service cost center. 4.No change in the average cost per patient day. - correct answer2. Which of the following balance sheet items would differ between a for-profit and a not-for-profit healthcare orga...

The interpretation of the healthcare organization's role with respect to healthcare values would require: a. Establishing corporate goals and major institutional policies b. Ensuring that the community served by the facility is well informed about the organization's goals and performances c. Developing a mission statement indicating the organization's fundamental purpose or reason for existence, in order to guide organizational behavior d. Creating a corporate vision of the organization'...

c. Implement the mission, strategies and goals established by the governing board - correct answer1) The purpose of management in a healthcare organization is to: a. Oversee appointment of competent medical staff to render care for the service area b. Appoint an effective governing board based on the wishes of the medical staff c. Implement the mission, strategies and goals established by the governing board d. Implement stakeholder wishes on the future direction the organization should take...

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 -ANS-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 t...

For the routine service cost center, an increase in the number of patient days over the budgeted number of patient days will result in: 1. A higher average cost per patient day. 2. A lower average cost per patient day. 3. An increase in the budgeted fixed costs for the routine service cost center. 4.No change in the average cost per patient day. -ANS-2. Which of the following balance sheet items would differ between a for-profit and a not-for-profit healthcare organization? 1.Retaine...