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MHA 706 Lord Exam Questions with Complete Solutions Graded A+ Bundle Compilation
MHA 706 Lord Exam Questions with Complete Solutions Graded A+ Bundle Compilation
[Show more]MHA 706 Lord Exam Questions with Complete Solutions Graded A+ Bundle Compilation
[Show more]1.	moral hazard Answer: behaving differently when you know someone else is taking the risk (Induced demand) 
2.	adverse selection Answer: the sicker people likely want more insurance (the healthier, less) 
3.	pooling of risk Answer: sharing risk proportionately among many is a basic insurance concep...
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Add to cart1.	moral hazard Answer: behaving differently when you know someone else is taking the risk (Induced demand) 
2.	adverse selection Answer: the sicker people likely want more insurance (the healthier, less) 
3.	pooling of risk Answer: sharing risk proportionately among many is a basic insurance concep...
Objectives are specific, often quantified, versions of goals. 
True or False? - Answer: True 
 
Goals are verifiable and specific, and are developed so that management can measure performance. 
True or False? - Answer: False 
 
Creditors and suppliers typically share the same goals for the organiz...
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Add to cartObjectives are specific, often quantified, versions of goals. 
True or False? - Answer: True 
 
Goals are verifiable and specific, and are developed so that management can measure performance. 
True or False? - Answer: False 
 
Creditors and suppliers typically share the same goals for the organiz...
Moral Hazard - Answer: When the act of insuring an event increases the likelihood that the event will happen 
 
behaving different when you know someone is taking the risk (induced demand) 
 
Adverse Selection - Answer: the situation in which one party to a transaction takes advantage of knowing m...
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Add to cartMoral Hazard - Answer: When the act of insuring an event increases the likelihood that the event will happen 
 
behaving different when you know someone is taking the risk (induced demand) 
 
Adverse Selection - Answer: the situation in which one party to a transaction takes advantage of knowing m...
Captial Budgeting - Answer: What long-term investments should you take on? What lines of business will you be in and what sorts of buildings, machinery, and equipment will you need? 
 
Capital Structure - Answer: Where will you get the long-term financing to pay for your investment? Will you bring...
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Add to cartCaptial Budgeting - Answer: What long-term investments should you take on? What lines of business will you be in and what sorts of buildings, machinery, and equipment will you need? 
 
Capital Structure - Answer: Where will you get the long-term financing to pay for your investment? Will you bring...
Other "truths" in motivating physicians behaviors include - Answer: Employed doctors are easier to motivate than independent practitioners 
 
Physicians identity themselves as "doctor" with a higher level of intensity than "your employee" 
 
What is Asymmetry of information? - Answer: A gap ...
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Add to cartOther "truths" in motivating physicians behaviors include - Answer: Employed doctors are easier to motivate than independent practitioners 
 
Physicians identity themselves as "doctor" with a higher level of intensity than "your employee" 
 
What is Asymmetry of information? - Answer: A gap ...
Primary role of finance within any organization - Answer: Plan for, acquire, and utilize resources to maximize the efficiency (and hence value) of the enterprise 
 
Finance activities include - Answer: - Planning and budgeting 
- Financial reporting 
- Capital investment decisions 
- Financing dec...
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Add to cartPrimary role of finance within any organization - Answer: Plan for, acquire, and utilize resources to maximize the efficiency (and hence value) of the enterprise 
 
Finance activities include - Answer: - Planning and budgeting 
- Financial reporting 
- Capital investment decisions 
- Financing dec...
opening of 20th century - Answer: -doctors were solo practitioners 
-hospitals were single, independent entities, mostly non-profit 
-long term care for the elderly was largely home-based 
-pharmaceutical and medical device manufacturing was a small business 
 
1847 - Answer: founding of American ...
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Add to cartopening of 20th century - Answer: -doctors were solo practitioners 
-hospitals were single, independent entities, mostly non-profit 
-long term care for the elderly was largely home-based 
-pharmaceutical and medical device manufacturing was a small business 
 
1847 - Answer: founding of American ...
Segmentation and Target Marketing - Answer: Consider markets as individuals, institutions, or a group of people Have similar needs that can be met by a specific offering 
Aim to identify specific customer needs and design marketing programs to satisfy those needs 
Firms must comprehensively: Unders...
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Add to cartSegmentation and Target Marketing - Answer: Consider markets as individuals, institutions, or a group of people Have similar needs that can be met by a specific offering 
Aim to identify specific customer needs and design marketing programs to satisfy those needs 
Firms must comprehensively: Unders...
1.	The term "PEST" in a strategic perspective refers to Answer: Answer: Political, Economic, Social, and Technological factors 
2.	The focus of strategic business decisions includes all of the following Answer:- 
 Answer: Establishing long-term goals, Analyzing the organization's external and int...
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Add to cart1.	The term "PEST" in a strategic perspective refers to Answer: Answer: Political, Economic, Social, and Technological factors 
2.	The focus of strategic business decisions includes all of the following Answer:- 
 Answer: Establishing long-term goals, Analyzing the organization's external and int...
The major provisions of the Patient Protection and Affordable Care Act of 2010 were: - Answer: a. Free preventative 
b. Medicaid expansion 
c. Banning of preexisting condition coverage limitations 
 
T/F CFO usually is assisted by a comptroller and treasurer - Answer: TRUE 
 
T/F The department is...
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Add to cartThe major provisions of the Patient Protection and Affordable Care Act of 2010 were: - Answer: a. Free preventative 
b. Medicaid expansion 
c. Banning of preexisting condition coverage limitations 
 
T/F CFO usually is assisted by a comptroller and treasurer - Answer: TRUE 
 
T/F The department is...
Accounting - Answer: measurement in financial (dollar) terms of events that reflect the resources, operations, and financing of an organization 
 
Financial Management - Answer: provides the theory, concepts, and tools necessary to help managers make better financial decisions 
 
Characteristics o...
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Add to cartAccounting - Answer: measurement in financial (dollar) terms of events that reflect the resources, operations, and financing of an organization 
 
Financial Management - Answer: provides the theory, concepts, and tools necessary to help managers make better financial decisions 
 
Characteristics o...

assesses if the business using the right mix of debt and equity - Answer: Debt management ratio 
 
assesses if the business can meet its cash obligations - Answer: Liquidity Ratio 
 
assesses if the business have the right amount of assets for its patient volume - Answer: Assets Management R...
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assesses if the business using the right mix of debt and equity - Answer: Debt management ratio 
 
assesses if the business can meet its cash obligations - Answer: Liquidity Ratio 
 
assesses if the business have the right amount of assets for its patient volume - Answer: Assets Management R...
Marketing - Answer: *is about identifying and meeting human and social needs. One of the shortest good definitions of marketing is "meeting needs profitably. 
 
*is the activ- ity, set of institutions, and processes for creating, communicating, delivering, and exchanging offerings that have value ...
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Add to cartMarketing - Answer: *is about identifying and meeting human and social needs. One of the shortest good definitions of marketing is "meeting needs profitably. 
 
*is the activ- ity, set of institutions, and processes for creating, communicating, delivering, and exchanging offerings that have value ...
1.	Cost Driver is the... Answer: basis cost pool will be allocated 
2.	Cost Pool is the... Answer: overhead amount to be allocated 
3.	Overhead Departments are... Answer: often called cost centers 
4.	Indirect Costs Answer: Costs of shared resources used by the entire organization 
5.	Patient Servic...
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Add to cart1.	Cost Driver is the... Answer: basis cost pool will be allocated 
2.	Cost Pool is the... Answer: overhead amount to be allocated 
3.	Overhead Departments are... Answer: often called cost centers 
4.	Indirect Costs Answer: Costs of shared resources used by the entire organization 
5.	Patient Servic...
1.	The major provisions of the Patient Protection & Affordable Care Act of 2010 were?Answer: -Banning of preexisting condition coverage limitations 
-Free preventative care 
-Medicaid expansion 
2.	Which of the following statement(s) about the finance department a t large healthcare organizations is...
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Add to cart1.	The major provisions of the Patient Protection & Affordable Care Act of 2010 were?Answer: -Banning of preexisting condition coverage limitations 
-Free preventative care 
-Medicaid expansion 
2.	Which of the following statement(s) about the finance department a t large healthcare organizations is...
Indirect Costs - Answer: Are costs associated with shared resources used by the entire organization 
 
Cost Driver - Answer: Is the basis on which the cost pool will be allocated 
 
Cost Pool - Answer: Is the overhead amount to be allocated 
 
Overhead departments - Answer: Are often called cost...
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Add to cartIndirect Costs - Answer: Are costs associated with shared resources used by the entire organization 
 
Cost Driver - Answer: Is the basis on which the cost pool will be allocated 
 
Cost Pool - Answer: Is the overhead amount to be allocated 
 
Overhead departments - Answer: Are often called cost...
Healthcare Finance - Answer: is the practice of finance, including both accounting and financial management, within health services (provider) organizations 
 
Accounting - Answer: concerns the measurement, in financial (dollar) terms, of events that reflect the resources, operations, and financin...
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Add to cartHealthcare Finance - Answer: is the practice of finance, including both accounting and financial management, within health services (provider) organizations 
 
Accounting - Answer: concerns the measurement, in financial (dollar) terms, of events that reflect the resources, operations, and financin...
Healthcare Finance - Answer: is the practice of finance, including both accounting and financial management, within health services (provider) organizations 
 
Accounting - Answer: concerns the measurement, in financial (dollar) terms, of events that reflect the resources, operations, and financin...
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Add to cartHealthcare Finance - Answer: is the practice of finance, including both accounting and financial management, within health services (provider) organizations 
 
Accounting - Answer: concerns the measurement, in financial (dollar) terms, of events that reflect the resources, operations, and financin...
Indirect Cost - Answer: Are cost associated with shared resources used by the entire organization 
 
Direct Costs - Answer: Are costs unique and exclusive to a department 
 
Overhead departments - Answer: Are often called costs centers 
 
Cost Pool - Answer: Is the overhead amount to be allocate...
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Add to cartIndirect Cost - Answer: Are cost associated with shared resources used by the entire organization 
 
Direct Costs - Answer: Are costs unique and exclusive to a department 
 
Overhead departments - Answer: Are often called costs centers 
 
Cost Pool - Answer: Is the overhead amount to be allocate...
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