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FIPA2 EXAM 1 | 223 QUESTIONS | WITH ALL PASSED ANSWERS!!
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FIPA2 EXAM 1 | 223 QUESTIONS | WITH ALL PASSED ANSWERS!!
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FIPA2 EXAM 1 |223 QUESTIONS |
WITH ALL
PASSED
ANSWERS!!
Evatee 10/10/24 FIPA2
,FIPA2 EXAM 1 | 223 QUESTIONS | WITH ALL
PASSED ANSWERS!!
what is the goal of strat planning? Answer - § To make sure the organization is
doing the right things now & in the future, defines what "business" the
organization is in or should be in, provides a "roadmap" for more detailed
planning, framework for day-to-day decisions, creates momentum & motivate
personnel
what factors affect strat planning Answer - structural factors, environmental
factors, behavioral characteristics of management
what is the most general aspect of strat planning Answer - mission statement
what is the most specific aspect of strat planning Answer - objectives
what provides the purpose the company? Answer - mission statement
how longs should a mission statement be? Answer - no more than 2 sentences
what describes what a company wants to be in the future ? Answer - vision
statement
what are goals? Answer - define the patient and market needs more
specifically, short and long term
can goals be short and long term? Answer - yes
, what is more specific than goals Answer - objectives
objectives must be Answer - measurable and time orientated, realistic
what does SMART goal stand for Answer - specific, measurable, achievable,
realistic, time-sensitive
what is the purpose of SWOT analysis Answer - assess internal strengths and
weaknesses within an organization or program along with the opportunities
and threats that may exist in the external environment
what are s/w of a SWOT analysis Answer - current services, resources, space,
budget, pharmacy operations, location
what are o/t of SWOT analysis? Answer - current market, competition,
technology, cost pressures, political issues
how do you calculate gross margin Answer - total sales-cost of goods sold /
total sales
what does a gross margin of 25% san? Answer - you are making 25% on every
prescription
what is the current ratio? What should it be? Answer - current assets/ current
liabilities, should be at least 4
what does a current ratio of below 4 mean? Answer - owe too much, not
enough cash
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