Exam (elaborations)

DLM(ASCP) LATEST EXAM (FINANCIAL MANAGEMENT, OPERATIONS MANAGEMENT, HUMAN RESOURCE MANAGEMENT, QUALITY MANAGEMENT) ACTUAL EXAM WITH UPDATED QUESTIONS AND VERIFIED ANSWERS (A GRADE)

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DLM(ASCP) LATEST EXAM (FINANCIAL MANAGEMENT, OPERATIONS MANAGEMENT, HUMAN RESOURCE MANAGEMENT, QUALITY MANAGEMENT) ACTUAL EXAM WITH UPDATED QUESTIONS AND VERIFIED ANSWERS (A GRADE) Johnson's Theory - ANSWER-performance = motivation x understanding x ability x opportunity Maslow's Hiera...

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Uploaded on September 19, 2024
Number of pages 58
Written in 2024/2025
Type Exam (elaborations)
Contains Questions & answers

Institution DLM
Course DLM

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DLM(ASCP) LATEST EXAM 2024-2025 (FINANCIAL MANAGEMENT,

OPERATIONS MANAGEMENT, HUMAN RESOURCE MANAGEMENT,

QUALITY MANAGEMENT) ACTUAL EXAM WITH UPDATED QUESTIONS

AND VERIFIED ANSWERS (A GRADE)

Johnson's Theory - ANSWER-performance = motivation x
understanding x ability x opportunity

Maslow's Hierarchy of Needs - ANSWER-(level 1) Physiological
Needs, (level 2) Safety and Security, (level 3) Relationships, Love
and Affection, (level 4) Self Esteem, (level 5) Self Actualization

Herzberg's Two-Factor Theory - ANSWER-proposed that work
satisfaction and dissatisfaction arise from two different factors -
work satisfaction from so-called motivating factors and work
dissatisfaction from so-called hygiene factors

budget - ANSWER-detailed plan on how resources will be
acquired and utilized during a specific time period

statistics budget - ANSWER-focuses on patient volume and need
assumptions used in other budgets

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profit and loss statement - ANSWER-An itemized financial
statement of the income and expenses of a company's
operations. Provides budgeted profit

contribution margin - fixed costs = budgeted profit

variance analysis - ANSWER-realized values are compared with
budgeted values to help control operations.

profit variance - ANSWER-actual profit - static/budgeted profit

revenue variance - ANSWER-actual revenue - static/budgeted
revenues

cost variance - ANSWER-static/budgeted costs - actual costs

volume variance - ANSWER-flexible revenues - static budgeted
revenues

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return on investment - ANSWER-can be $ or %

present value - ANSWER-beginning amount (current value) of an
investment of a lump sum, an annuity, or a series of unequal cash
flows

discounting - ANSWER-process of finding the present value of a
lump sum, an annuity, or a series of unequal cashflows

annuity - ANSWER-series of payments of a fixed amount for a
specified number of equal periods

compounding - ANSWER-process of finding the future value (FV)

McClelland's Achievement Motivation Theory - ANSWER-need for
achievement, need for power, need for affiliation

reflection of job satisfaction - ANSWER-turnover, absenteeism,
attitude, and functional performance level.

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successful managers - ANSWER-balance between concern for
people and concern for production.

good leadership - ANSWER-delegate, sound job descriptions,
and work assignments, fill motivational needs of workers, provide
job enrichment resources

job enlargement - ANSWER-offers people opportunity to expand
their knowledge and grow professional ( addition of tasks)

job enrichment - ANSWER-increased control, responsibility, and
accountability in workstation

job description - ANSWER-job analysis, job design and work
assignment. the communication between staff and organization
on how work should be done.

factors considered in job analysis - ANSWER-working conditions
(physical environment, manual labor exertion), technology
(technical skills), job specifications (qualifications, skills, special
knowledge and experience), availability of labor, personal

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