Reference no: EM13753224
1. A key element of the variance report is the _________ set by the organization, triggering the need for an explanation.
- margin
- parameter
- list
- criteria
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.
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.
8. A _________ budget is adjusted for changes in volume.
- flexible
- cash
- operating
- volume-adjusted
9. 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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