Question 1

An example of a direct cost is:

Accepted Answer

A)  insurance. 
B)  a manager's salary. 
C)  department supplies. 
D)  rent. 
E)  utilities. 
A)  insurance. 
B)  a manager's salary. 
C)  department supplies. 
D)  rent. 
E)  utilities.

Question 2

Setting a minimum quantity threshold on supplies in an inventory system prevents:

Accepted Answer

A)  getting too many supplies. 
B)  running out of supplies. 
C)  ordering duplicate supplies. 
D)  ordering of supplies. 
E)  None of the above 
A)  getting too many supplies. 
B)  running out of supplies. 
C)  ordering duplicate supplies. 
D)  ordering of supplies. 
E)  None of the above

Question 3

The managerial aspects of maintaining a payroll is referred to as:

Accepted Answer

A)  budgeting. 
B)  payroll administration. 
C)  payroll accounting. 
D)  accounts payable. 
E)  accounts administration. 
A)  budgeting. 
B)  payroll administration. 
C)  payroll accounting. 
D)  accounts payable. 
E)  accounts administration.

Question 4

All of the following statements are true of inventory control systems EXCEPT:

Accepted Answer

A)  inventory systems prevent duplicate purchases. 
B)  inventory systems can indicate the quantity to reorder. 
C)  inventory systems work in conjunction with purchasing systems. 
D)  inventory systems can only track one location. 
E)  inventory system's data can be used to predict future needs. 
A)  inventory systems prevent duplicate purchases. 
B)  inventory systems can indicate the quantity to reorder. 
C)  inventory systems work in conjunction with purchasing systems. 
D)  inventory systems can only track one location. 
E)  inventory system's data can be used to predict future needs.

Question 5

After an employee is terminated, the IRS W-4 form must be kept for ________ year(s).

Accepted Answer

A)  1 
B)  2 
C)  4 
D)  5 
E)  10 
A)  1 
B)  2 
C)  4 
D)  5 
E)  10

Question 6

Cash, property, and things of value that are owned by the business are called:

Accepted Answer

A)  net worth. 
B)  revenue. 
C)  liabilities. 
D)  assets. 
E)  profits. 
A)  net worth. 
B)  revenue. 
C)  liabilities. 
D)  assets. 
E)  profits.

Question 7

Appointment systems include which of the following?

Accepted Answer

A)  Provider name 
B)  Patient name 
C)  Scheduled start time 
D)  Reason for the appointment 
E)  All of the above 
A)  Provider name 
B)  Patient name 
C)  Scheduled start time 
D)  Reason for the appointment 
E)  All of the above

Question 8

Which of the following situations should be reported on an incident report?

Accepted Answer

A)  Patient fall 
B)  Medication error 
C)  Visitor fall 
D)  Surgical mistake 
E)  all of the above 
A)  Patient fall 
B)  Medication error 
C)  Visitor fall 
D)  Surgical mistake 
E)  all of the above

Question 9

Incident reports are filed and maintained with the patient record.

Accepted Answer

A) True 
 B)False

Question 10

________ management evaluates cases using standard criteria and then seeking authorization from the payer.

Accepted Answer

A)  Quality 
B)  Utilization 
C)  Claims 
D)  Case 
E)  Risk 
A)  Quality 
B)  Utilization 
C)  Claims 
D)  Case 
E)  Risk

Question 11

Which of the following is an organization's principal tool for financial planning that usually forecasts revenue and expenses for the next fiscal year?

Accepted Answer

A)  Financial report 
B)  Profit and loss report 
C)  Financial ledger 
D)  Budget 
E)  Payroll administrative report 
A)  Financial report 
B)  Profit and loss report 
C)  Financial ledger 
D)  Budget 
E)  Payroll administrative report

Question 12

Computing an employee's taxable wages is part of:

Accepted Answer

A)  payroll accounting. 
B)  payroll administration. 
C)  accounts payable. 
D)  Both a and b 
E)  Both b and c 
A)  payroll accounting. 
B)  payroll administration. 
C)  accounts payable. 
D)  Both a and b 
E)  Both b and c

Question 13

Incidents that can result in financial loss or lead to litigation are called:

Accepted Answer

A)  potentially compensable risks. 
B)  potentially compensable measures. 
C)  potentially compensable actions. 
D)  potentially compensable events. 
E)  potentially compensable procedures. 
A)  potentially compensable risks. 
B)  potentially compensable measures. 
C)  potentially compensable actions. 
D)  potentially compensable events. 
E)  potentially compensable procedures.

Question 14

Systems used to order supplies, drugs, and equipment are called:

Accepted Answer

A)  ordering systems. 
B)  purchasing systems. 
C)  stocking systems. 
D)  inventory systems. 
E)  supply systems. 
A)  ordering systems. 
B)  purchasing systems. 
C)  stocking systems. 
D)  inventory systems. 
E)  supply systems.

Question 15

Payroll administration includes which of the following activities?

Accepted Answer

A)  Generating reports payroll activities. 
B)  Complying with federal, state, and local employment laws 
C)  Keeping records 
D)  Managing employee payroll information 
E)  All of the above are included in payroll administration. 
A)  Generating reports payroll activities. 
B)  Complying with federal, state, and local employment laws 
C)  Keeping records 
D)  Managing employee payroll information 
E)  All of the above are included in payroll administration.

Question 16

Budgets usually forecast:

Accepted Answer

A)  revenue for the next fiscal year. 
B)  expenses for the next fiscal year. 
C)  revenue for the next calendar year. 
D)  Both A and B 
E)  Both B and C 
A)  revenue for the next fiscal year. 
B)  expenses for the next fiscal year. 
C)  revenue for the next calendar year. 
D)  Both A and B 
E)  Both B and C

Question 17

The functions of risk management include all of the following EXCEPT:

Accepted Answer

A)  claims management. 
B)  risk identification. 
C)  risk analysis. 
D)  inventory and materials management. 
A)  claims management. 
B)  risk identification. 
C)  risk analysis. 
D)  inventory and materials management.

Question 18

Which of the following is NOT a task of payroll accounting?

Accepted Answer

A)  Printing and distributing paychecks and/or generating direct deposits 
B)  Calculating the amount of employment taxes to be withheld and paid by the employer 
C)  Filing employment tax returns 
D)  Determining which federal, state, and local tax coverage rules apply to each employee 
E)  Complying with federal, state, and local employment laws 
A)  Printing and distributing paychecks and/or generating direct deposits 
B)  Calculating the amount of employment taxes to be withheld and paid by the employer 
C)  Filing employment tax returns 
D)  Determining which federal, state, and local tax coverage rules apply to each employee 
E)  Complying with federal, state, and local employment laws

Question 19

Financial information systems include all of the following EXCEPT:

Accepted Answer

A)  purchasing. 
B)  payroll. 
C)  registration and records. 
D)  budgeting. 
E)  inventory and materials management. 
A)  purchasing. 
B)  payroll. 
C)  registration and records. 
D)  budgeting. 
E)  inventory and materials management.

Question 20

Which of the following is another term used for income?

Accepted Answer

A)  Revenue 
B)  Liabilities 
C)  Assets 
D)  Expenses 
E)  Net worth 
A)  Revenue 
B)  Liabilities 
C)  Assets 
D)  Expenses 
E)  Net worth

An example of a direct cost is:

Setting a minimum quantity threshold on supplies in an inventory system prevents:

The managerial aspects of maintaining a payroll is referred to as:

All of the following statements are true of inventory control systems EXCEPT:

After an employee is terminated, the IRS W-4 form must be kept for ________ year(s).

Cash, property, and things of value that are owned by the business are called:

Appointment systems include which of the following?

Which of the following situations should be reported on an incident report?

Incident reports are filed and maintained with the patient record.

________ management evaluates cases using standard criteria and then seeking authorization from the payer.

Which of the following is an organization's principal tool for financial planning that usually forecasts revenue and expenses for the next fiscal year?

Computing an employee's taxable wages is part of:

Incidents that can result in financial loss or lead to litigation are called:

Systems used to order supplies, drugs, and equipment are called:

Payroll administration includes which of the following activities?

Budgets usually forecast:

The functions of risk management include all of the following EXCEPT:

Which of the following is NOT a task of payroll accounting?

Financial information systems include all of the following EXCEPT:

Which of the following is another term used for income?

Healthcare Delivery Fundamentals

Health Information Professionals

Accreditation, Regulation, and Hipaa

Fundamentals of Information Systems

Healthcare Records

Organization, Storage, and Management of Health Records

Electronic Health Records

Additional Health Information Systems

Healthcare Coding and Reimbursement

Healthcare Transactions and Billing

Health Statistics, Research, and Quality Improvement

Filters

Exam 12: Management and Decision Support Systems

An example of a direct cost is:

Setting a minimum quantity threshold on supplies in an inventory system prevents:

The managerial aspects of maintaining a payroll is referred to as:

All of the following statements are true of inventory control systems EXCEPT:

After an employee is terminated, the IRS W-4 form must be kept for ________ year(s).

Cash, property, and things of value that are owned by the business are called:

Appointment systems include which of the following?

Which of the following situations should be reported on an incident report?

Incident reports are filed and maintained with the patient record.

________ management evaluates cases using standard criteria and then seeking authorization from the payer.

Which of the following is an organization's principal tool for financial planning that usually forecasts revenue and expenses for the next fiscal year?

Computing an employee's taxable wages is part of:

Incidents that can result in financial loss or lead to litigation are called:

Systems used to order supplies, drugs, and equipment are called:

Payroll administration includes which of the following activities?

Budgets usually forecast:

The functions of risk management include all of the following EXCEPT:

Which of the following is NOT a task of payroll accounting?

Financial information systems include all of the following EXCEPT:

Which of the following is another term used for income?

Healthcare Delivery Fundamentals

Health Information Professionals

Accreditation, Regulation, and Hipaa

Fundamentals of Information Systems

Healthcare Records

Organization, Storage, and Management of Health Records

Electronic Health Records

Additional Health Information Systems

Healthcare Coding and Reimbursement

Healthcare Transactions and Billing

Health Statistics, Research, and Quality Improvement

Filters