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CHL Chapter 24 Quiz

william Hoover 10 questions

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Questions in this quiz (10)

  1. 1The steps through which a product flows from when it is removed from inventory until it is replaced in inventory and when applicable storage records are up-dated
    1. AInventory Turn
    2. BSupply Life Cycle
    3. CProduct Usage Cycle
    4. DPurchase/Replacement Cycle
  2. 2The system in which a running balance of the quantity of products in storage are maintained
    1. APerpetual Inventory
    2. BJust-In-Time Inventory
    3. CPay-As-You-Go Inventory
    4. DStockless Inventory
  3. 3This quick reference can help when ordering replacement instruments from specified vendors
    1. APreference Listing Numbers
    2. BCatalog Numbers
    3. CFacility Item Numbers
    4. DPrice Sheets
  4. 4A tool used to manage information used to charge for procedures, services, and supplies provided to patients
    1. AReimbursement Codes
    2. BDRG Compendium
    3. CCharge Master
    4. DBilling Codes
  5. 5The process of analyzing physician-preferred items to consider alternative costs, reimbursements, and strategic initiative concerns
    1. AValue Analysis
    2. BCost-Benefit Ratio
    3. CReturn on Investment Analysis
    4. DProduct Evaluation
  6. 6The funds and organization has available to conduct its daily activities, the amount by which current assets exceed current liabilities
    1. ABalance Sheet
    2. BReimbursement Ratio
    3. CWorking Capital
    4. DOperational Funds
  7. 7A service in which vendors stocks and maintains a facility's inventory to agreed upon levels and then issues a monthly (or other time period) invoice for all items used
    1. AConsignment
    2. BVendor-managed Inventory
    3. CJust-In-Time Inventory
    4. DStockless Inventory
  8. 8The process used to determine the value of a fixed asset during a specific accounting period that is assumed to have been "used up" during the period
    1. AValue Analysis
    2. BCost-Shifting
    3. CProduct-Life
    4. DDepreciation
  9. 9General provisions that apply to a supplier's price quotations and a buyer's purchase order that apply regardless of the specific products or services being purchased
    1. ATerms and Conditions
    2. BPrice Fixing
    3. CShipping Charges
    4. DProduct Specifications
  10. 10An organization that obtains contract pricing for high volume purchases of items with a common specification on behalf of its facility members
    1. AHealthcare Purchasing Cooperative (HPC)
    2. BMulti-Medical Group (MMG)
    3. CGroup Purchasing Organization (GPO)
    4. DHospital Alliance Cooperative (HAC)

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Description
Iahcsmm Sterile Processing (CHL Exam) Quiz on CHL Chapter 24 Quiz, created by william Hoover on 10/05/2017.
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