Managment accounting - Study guides, Revision notes & Summaries

H F M A QUESTIONS AND ANSWERS, GRADED A+ Why is cost accounting so important in health care? Though costs have such a minor role in deermining prices, cost accounting is very important in a healthcare organization. Because reimbursment is predetermined, managment must focus primarily on finding ways tomanage cosgts, so cost accougtning is critical. Cost information is uselful to a variety of key decisionmakers in a healthcare organization. Different concepts of cost are required for different ...

CCM EXAM 300 Questions with Verified Answers ACO - CORRECT ANSWER An acronym for Accountable Care Organization Actuary - CORRECT ANSWER A person in the insurance field who decides insurance policy rates and reserves dividends, as well as conducts various other statistical analyses Parternship for Health ACT 1966 - CORRECT ANSWER recognized health promotion and illness prevention as a " State of complete physical, mental, social well being Assessment tool and diagnostic tests - CORRE...

CFCI Study Guide – Updated Fraud "Any illegal acts characterized by deceit, concealment, or violation of trust. These acts are not dependent upon the perpetrated by individuals and organizations to obtain money, property, or services; to avoid payment or loss of services; or to secure personal or business ad-vantage." Main types of fraud Internal Fraud Internal Fraud and External Fraud Activities that may be criminal, committed within an organization, typically by the employ...

Inst335 final exam, (Answered) With Complete Verified Solution Network Effects/externalities Metcalfe's law - the value of a product or service increases as the number of users grow (supply and demand) Network effects: switching cost the cost a consumer incurs when moving from one product to another (strengthens) - more friction to prevent user movement Network effects: complementary benefits products of services that affect additional value to the network Groupthink A situation in...

PHR,SPHR PRACTICE EXAM QUESTIONS AND ANSWERS LATEST UPDATED 2024/2025 100% CORRECT. PERT Chart (Program Evaluation and Review Technique) - AnswerWhich of the following BEST shows a project's critical path? Identifying threats and opportunities - AnswerWhich of the following is an integral part of strategy development? SHRM - AnswerLargest HR-related professional organization in the world? Formerly known as American Society for Personnel Administration Supply Chain - AnswerNot commonly per...

CISA Exam, Information Systems acquisitions, development and implementation 66 Questions with Verified Answers Many IT projects experience problems because the development time and/or resource requirements are underestimated. Which of the following techniques provides the GREATEST assistance in developing an estimate of project duration? - CORRECT ANSWER Program evaluation review technique chart This will help determine project duration once all the activities and the work involved with th...

organization - correct answer social structures created by individuals to support the collaborative pursuit of specific goals organizational behavior - correct answer explaining human behavior in organizations, including examining behavior of individuals, groups, or members of an organization as a whole ideal types - correct answer fundamental models or theoretical extremes, does not mean best way of managing or behaving, but rather that they help us think critically about what OB means an...

CIPM – Iapp Exam. Questions with Correct and verified Solutions. 2024 latest update. GRADED A+. Strategic Management is the first high level necessary task to implement proactive privacy management through the following 3 subtasks: - Answer - (1) Define Privacy Vision and Privacy Mission Statementnn(2) Develop Privacy Strategynn(3) Structure Privacy Team Strategic management of privacy starts by creating or updating the organization vision and mission statement based on privacy bes...

revenue - Answer-incoming money Expenses - Answer-the costs of operating a business profit - Answer-The financial gain made in a transaction Calculating Gross Profit - Answer-net sales - cost of goods sold Calculating Net Income - Answer-Revenues - Expenses Good vs. Service economy - Answer-economies shift over time from goods to services, we are more of a service world Marketing - Answer-works to identify and satisfy customers' needs. managment - Answer-planning, organizing, staffing,...

WGU C214 Financial Managment Topic 2 Accounting is backward-looking and risk free Finance is forward-looking and involes massive uncertainty Income Statement - show results of operation over time; - revenues - expenses = net income - Think of the income statement as a video camera tracking performance for a period. - usually regarded as the most difficult to analyze and interpret. Balance Sheet - a "snap shot" of a firm's assests & financing at a paticular point in time - view...