1. A key element of the variance report is the _________ set by the organization, triggering the need for an explanation.
margin
parameter
list
criteria
Question 3
2. If an organization does not want to overdraft, then it should look at the _________ cash balance when forecasting checking account balances.
highest weekly
average weekly
lowest weekly
highest
3. Flexing the labor budget involves the use of _________ and average hourly rate.
number of labors
total labor hours
labor productivity
average minimum wage
4. Ideally a cash budget should be updated _________.
weekly.
monthly.
semi-annually.
5. A _________ is a necessary step that allows the organization to determine how to optimize the value of the cash being generated by its operations.
budget
capital budget
operating budget
cash budget
6. _________ are the equivalent of hospitals’ and health systems’ own PPMCs.
MSOs
HSOs
HMCs
PHMCs
7.Because the administration as a whole agrees that these items need to be purchased no matter what, they are deemed eligible for _________.
automatic approval.
approval after careful reviewing.
approval after review by manager.
analyzed approval.
7. A _________ budget is adjusted for changes in volume.
flexible
cash
operating
volume-adjusted
8. It is likely that _________, as a group, will continue to play the key role they have historically enjoyed as leaders of the health care community.
managed care
physicians
PPMCs
corporations
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