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LAB MANAGEMENT final exam review Questions and Answers
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LAB MANAGEMENT final exam review Questions and Answers The laboratorian releases information directly into the hospital information system (HIS). True False false The laboratory manager is considered a: a. Upper Manager b. Middle Manager c. Front Line Employee d. Customer Middle...

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  • December 29, 2024
  • 17
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • lab management final exam review questions and ans
  • the laboratory manager is considered a a upper
  • a market is mathematically defined as a emc2

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LAB MANAGEMENT final exam review
Questions and Answers
The laboratorian releases information directly into the hospital information system (HIS).

True
False - answer false

The laboratory manager is considered a:

a. Upper Manager
b. Middle Manager
c. Front Line Employee
d. Customer - answer Middle Manager

A market is mathematically defined as:

a. E=mc^2
b. M=qnp
c. M=q/p
d. M=n(q/p) - answer M=qnp

SWOT is a tool that can be used for:

a. making decisions to pursue marketing opportunities
b. making hiring decisions
c. making process design decisions
d. bringing on a new analyzer - answer making decisions to pursue marketing
opportunities

Theory that our actions should have the best overall consequences for the largest
number of people.

a. Golden Rule
b. Socialism
c. Utilitarianism
d. justice - answer Utilitarianism

Each government contractor with 50 or more employees and $50,000 or more in
government contracts is required to develop and maintain a written affirmative action
plan (AAP).

True

,False - answer true

A financial statement that represents the financial position of an organization at a
particular point in time, usually at the end of an accounting period, and represents the
organization's assets, liabilities, and equity is called:

a. Income statement
b. Balance Sheet
c. Statement of cash sources and uses
d. Unit cost
d. Budget - answer Balance Sheet

"bALancE, Assets, Liabilities, Equities"

Which of the following is the primary source of information for the organization,
capturing the necessary data on revenues, assets and liabilities?

a. Cost-Accounting
b. Investment Analysis
c. Financial Accounting
d. Public accounting - answer Financial Accounting

In __________________ systems, revenues are recognized or reflected in an income
statement when they are earned, not when they are collected. Expenses are recognized
when they are incurred, not when they are paid.

a. Cash Basis Accounting
b. Accrual Accounting
c. Revenue Accounting
d. Financial Accounting - answer Accrual Accounting

Which is not a category of ethical principles?

a. integrity of conduct
b. integrity of honor
c. respect for persons
d. social responsibility - answer integrity of honor

A technologist repeatedly misses tubercle bacilli when examining stained smears for
acid-fast bacilli. What plan of action should the supervisor first take to correct this
problem?

a. issue a written warning
b. send the employee to a workshop
c. review the diagnostic criteria with the employee and monitor progress

, d. reassign employee to another part of the laboratory - answer review the diagnostic
criteria with the employee and monitor progress

Which of the following is variable cost?

a. overtime pay
b. Health insurance premium
c. FICA
d. pension contributions - answer overtime pay

The overtime budget for the laboratory is $38,773, but $50,419 has already been spent.
What percent over budget does this represent?

a. 30%
b. 70%
c. 77%
d. 100% - answer 30%

A workload reporting system is an important part of laboratory management because it:

a. tells exactly how much should be charged per test
b. keeps personnel busy in their free time
c. counts only tests done and specimens received in the laboratory without inflating
these figures by adding in quality control and standardization efforts
d. helps in planning, developing, and maintaining efficient laboratory services with
administrative and budget controls - answer helps in planning, developing, and
maintaining efficient laboratory services with administrative and budget controls

An advantage of reagent lease/rental agreements is:

a. less time spent by a laboratory manager justifying new instrumentation
b. increased flexibility to adjust to changes in workload
c. flexibility in reagent usage from 1 manufacturer to another
d. less expenditures over life expectancy of instrument - answer b. increased
flexibility to adjust to changes in workload

The number of hours used to calculate the annual salary of a full-time employee is:

a. 1,920
b. 1,950
c. 2,080
d. 2,800 - answer 2,080

In general, the majority of operating expenses of laboratories are:

a. labor or labor related

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