Reference no: EM132292338

1. When a company says that they "broke even" what do they mean?

1. They posted a profit

2. They posted a loss

3. They neither made money nor lost money

4. None of the above

2. Which of the following best describes a chart of accounts

1. The chart of accounts is a diagram that shows where your accounts are located

2. The chart of accounts is a written document of policies and procedures

3. There is no such thing as a chart of accounts

4. The chart of accounts is a map. It outlines the elements of your company in an organized manner.

3. Which of the following is probably NOT a fixed cost in an operating room

1. Laundry

2. Insurance

3. Safety

4. Major equipment

4. Productive time equates to the employees net hours on duty. It is calculated by subtracting non productive time. Which of the following is NOT non productive time.

1. Holidays

2. Sick time

3. Overtime

4. Education days

5. Generally speaking, organizations strive to have

1. a negative operating margin

2. an operating loss

3. a positive operating margin

4. as little operating margin as possible.