(for nimmo)

Question 1

Which of the following is not one of the ways a physician's office can enhance revenue?

		Improve documentation for billing and support higher-reimbursement procedures.
		Improve patient throughput.
		Retain ancillary revenues in the office setting.
		Reduce malpractice premiums.

Question 2

A _________ budget is adjusted for changes in volume.

		flexible
		cash
		operating
		volume-adjusted

Question 3

Because the administration as a whole agrees that these items need to be purchased no matter what, they are deemed eligible for _________.

		automatic approval.
		approval after careful reviewing.
		approval after review by manager.
		analyzed approval.

Question 4

A key element of the variance report is the _________ set by the organization, triggering the need for an explanation.

		margin
		parameter
		list
		criteria

Question 5

A negative consequence for consistently missed budgeted financial targets could be _________.

		preparation of a variance report.
		training.
		warning from higher management.
		job termination.

Question 6

In 2004, physician practices encompassed almost _________ of the industry's financial outlays.

		10%
		20%
		40%
		60%

Question 7

The initial cash budget should forecast a collection of _________ of budgeted net revenue.

		100%
		90%
		at least 70%
		at least 90%

Question 8

It is likely that _________, as a group, will continue to play the key role they have historically enjoyed as leaders of the health care community.

		managed care
		physicians
		PPMCs
		corporations

Question 9

If an organization does not want to overdraft, then it should look at the _________ cash balance when forecasting checking account balances.

		highest weekly
		average weekly
		lowest weekly
		highest

Question 10

Ideally a cash budget should be updated _________.

		weekly.
		monthly.
		semi-annually.
		annually.

Question 11

Compare bottom-line financial results of using a fixed budget and a flexible budget if volumes (a) increase by 10% or (b) decrease by 10%.

Question 12

Compare the difference between an operating budget, a capital budget, and a cash budget. What are the primary elements in each budget?

Question 13

(Chapters 8-9) Debate the differences between an alert-based decision support management accountability budgeting, monitoring, and reporting system and a standard reporting system that does not provide instant management information to the decision makers.