Manageral Accounting in Healthcare

HA281. MANAGERIAL ACCOUNTING IN HEALTHCARE (HA281) > TOOLS > MY GRADES > VIEW ATTEMPTS > REVIEW ASSESSMENT: FINAL EXAM

  Question 1

2 out of 2 points  

Zero based budgeting:

  Question 2

2 out of 2 points  

Break-even refers to situations in which neither a marginal profit nor a marginal loss will result from a proposed situation,

  Question 3

2 out of 2 points  

Managers of health care services organizations can expect a rapid slowing of technological change within their industry in the future.

  Question 4

0 out of 2 points  

Cost –volume-profit analysis is considered a short-term decision tool because:

  Question 5

2 out of 2 points  

An organization opens itself to censure or litigation by preparing separate reports for financial accounting, tax accounting and management information purposes.

  Question 6

2 out of 2 points  

Which of the following trend analyses will give the best results over time if a continuous trend takes place?

  Question 7

2 out of 2 points  

All cash outflows and inflows should appear in the cash budget for the period of the flow.

  Question 8

0 out of 2 points  

Which of the following measures would be appropriate for a periodic report to executive management?

  Question 9

2 out of 2 points  

Ratios using figures from both the income statement and the balance sheet can:

  Question 10

0 out of 2 points  

Comparing the cost of the care provided for a physician’s patients to the hospital revenues received for that care gives a measure of the financial value of that physician to the hospital.

  Question 11

0 out of 2 points  

Responsibility for what measurements are included in reports to support ad hoc decisions should be the responsibility of the management accountant producing the report.

  Question 12

2 out of 2 points  

In the future, the work of management accountants will be decreasingly related to industrial engineering and information technology.

  Question 13

2 out of 2 points  

Product mix variance is caused by various outputs providing different unit contributions.

  Question 14

0 out of 2 points  

Budgetary cost control requires:

  Question 15

2 out of 2 points  

Profit variance cause by revenue not being at expected levels can be due to:

  Question 16

0 out of 2 points  

Making a decision as to whether or not to outsource an intermediate product currently made in-house:

  Question 17

0 out of 2 points  

An organization goal is:

  Question 18

0 out of 2 points  

A fixed cost is marginal to a decision if:

  Question 19

2 out of 2 points  

Standards for the cost of specific activities within an organization can be constructed by using all but which one of the following:

  Question 20

0 out of 2 points  

From a patient’s perspective, the price of an episode of care is not a critical factor in measuring the performance of a provider because.

  Question 21

0 out of 2 points  

The format of routine performance reports should be changed from period to period to fit the conditions of the period.

  Question 22

0 out of 2 points  

Supplier perspectives are important to performance because.

  Question 23

0 out of 2 points  

Cost-volume-profit analysis is based on the fact that the total of contributions from sales must be greater than total fixed costs if a profit is to result.

  Question 24

0 out of 2 points  

ABC is primarily concerned with improving the process of tracing direct costs.

  Question 25

0 out of 2 points  

Fixed overhead capacity variance:

  Question 26

0 out of 2 points  

Physicians pay for hospital services provided to support their work by:

  Question 27

0 out of 2 points  

When determining whether or not to drop a product line that financial accounting reports indicate is unprofitable, managers can simply compare its price to its full cost.

  Question 28

0 out of 2 points  

Management accountants work is made difficult because decision makers frequently can not articulate the models they use in making decisions.

  Question 29

2 out of 2 points  

Objectives:

  Question 30

2 out of 2 points  

the contribution from the sale of a unit of output is:

  Question 31

2 out of 2 points  

Negotiations between hospitals and physicians related to the technology made available tend to involve:

  Question 32

2 out of 2 points  

The primary purpose of cash budgets is to reduce the risk of running out of cash during an operating budget period.

  Question 33

0 out of 2 points  

For a event to be considered a driver of a cost, it should have which of the following characteristics.

  Question 34

0 out of 2 points  

Which of the following is not a way to identify customers that are hurting the financial performance of a provider:

  Question 35

2 out of 2 points  

The more rapidly the rate of technology changes, the more value trend analysis is for long term cost prediction.

  Question 36

2 out of 2 points  

When designing graphical presentations for reports:

  Question 37

2 out of 2 points  

The revenue that is received from treating patients is generally a matter of a contract with a third party payer.

  Question 38

2 out of 2 points  

Which of the following is not an essential step in formulating balanced score card reports:

  Question 39

0 out of 2 points  

ABC improves the accuracy of overhead allocations by concentrating on the single variable that best acts as a basis for distributing the total costs of an overhead department.

  Question 40

0 out of 2 points  

In negotiating prices, third party payers tend to use the fact that a payment that yields a contribution for treating a patient is better for the care provider than not having the patient. This is a strong argument when:

  Question 41

2 out of 2 points  

Which of the following is not a characteristic of an excellent graphic presentation:

  Question 42

2 out of 2 points  

Revenue variance analysis for health care providers assumes that profit variances caused by costs being different from those expected is analyzed in cost variance analysis.

  Question 43

0 out of 2 points  

An organization’s learning and growth is dependent primarily on strict attention to the analysis of its current application of its people and long term assets to its mission.

  Question 44

0 out of 2 points  

When using standard costs as a control tool, labor and material efficiency variances measure:

  Question 45

2 out of 2 points  

From physicians’ perspective, hospital performance is measured by:

  Question 46

0 out of 2 points  

Which of the following questions from patient satisfaction surveys is actionable?

  Question 47

0 out of 2 points  

Variances are broken down into material, labor and overhead components because:

  Question 48

0 out of 2 points  

Good operating budgets result when operating technicians and managers apply their knowledge and expertise without interference from senior staff and other managers.

  Question 49

2 out of 2 points  

Balanced score cards attempt to report information to assist managers in making decisions:

  Question 50

2 out of 2 points  

The variance that is most useful in assessing the performance of the purchasing department is the: