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Business Planning Pretest

Business Planning Pretest

Business Planning Pretest

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Question 1 of 5

1. Question

The most important factor in a provider’s lack of desire to participate in hospital business planning is:

Inattention
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Lack of knowledge
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They are too busy with clinical duties
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Lack of communication of useful information
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Question 2 of 5

2. Question

The number one goal of every hospital is to be profitable.

True
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False
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Question 3 of 5

3. Question

The accounting system that gives you the least actionable information in the short run is:

Cash
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Accrual
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Hybrid
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Standard
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Question 4 of 5

4. Question

The financial component of capital budgeting should be based on:

Break even
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Net Present Value
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Pay back method
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Cash back method
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Question 5 of 5

5. Question

(1) Business Planning, (2) Strategy, (3) Mission, (4) Implementation oversight. Put these terms in chronological order when developing a new service line, new hire or new equipment purchase.

2,1,3,4
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3,1,2,4
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1,3,2,4
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3,2,1,4
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