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Exam (elaborations)

ACHE Fellowship Exam QUESTION WITH COMPLETE SOLUTIONS

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Acid-test ratio - correct answer The ratio of total assets to total liability Market Potential - correct answer The volume that would be realized if each prospective consumer were to purchase a specific amount of a particular service during a defined future time frame. General Ledger - correc...

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  • February 3, 2024
  • 4
  • 2023/2024
  • Exam (elaborations)
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ACHE Fellowship Exam QUESTION WITH COMPLETE
SOLUTIONS


Acid-test ratio - correct answer The ratio of total assets to total liability

Market Potential - correct answer The volume that would be realized if
each prospective consumer were to purchase a specific amount of a
particular service during a defined future time frame.

General Ledger - correct answer Entries assign capital costs through
depreciation of long-term assets, adjust inventory values, and allocate
expenses of central services.

Net Revenue - correct answer Income actually received, as opposed
to that initially posted; equal to gross revenue minus adjustments for
bad debts, charity, and discounts to third parties.

Non operating revenue - correct answer Income generated from non-
patient care activities, including investments in securities and earnings
from unrelated businesses.

Publicly owned healthcare organization - correct answer This type
organization is required to submit a statement of earnings, financial
positions, changes in financial position and earnings annually.

Transition Matrix - correct answerProbability models that forecast the
internal flow of employees from one job category to another.

Demand-pull approach - correct answerForecasting organizational
needs for human resources by focusing on specific openings that are
likely to occur and using these for planning.

Supply-push approach - correct answerForecasting the internal supply
of employees as they move from their current jobs into others through
promotions, lateral moves and terminations.

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