Test
Chapter 8
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Preguntas del test (37)
1The operating or 5 year plan is ....
- Ahow we expect to meet our objectives
- Bhow we expected to get rid of of what we are doing
- Cto go onto a 3 years plan
2The planning process takes...
- Aless than the year
- Bmore than the year
- Crandomly throughout the year
- Dmore or less continuously throughout the year
3The plan is most detailed for the ___ year
- A1st
- B2nd
- C3rd
- D4th
- E5th
4Managerial accounting is ___ year only
- A1st
- B2nd
- C3rd
- D4th
5Budgets are ... plans, expressed in .... terms....that specify how resources will be used over some period of time
- Aundetailed
- Bdetailed
- Ceasy
- Dhalf
- Edollar
- Flong period of times
6Budgets may be developed and applied to any ___ within an organization
such as:
aggregate
by department
by service line
by ____
by the nature of the ___- Alevel
- Bby no contract
- Cby contract
- Dunexpedentiures
- Eexpedentiure
7To be effective, budget must not be thought of as financial tools, but rather as
- Ahighly financial tools
- Bplanning tools
- Ccontrol tools
- Dmanagerial tools
8Budgets are used for: planning, communication, control
- AVerdadero
- BFalso
9all organizations use ____ budgets to set standards for the coming year
- Aannual
- Bsemi annual
10most use quarterly budgets to ensure timely feedback and control
- AVerdadero
- BFalso
11Not all budgets types have to follow the same timing pattern.
- AVerdadero
- BFalso
12Out year budgets are more for ___ than for ____ purposes
- Aunplanning, control
- Bcontrol, planning
- Cplanning, control
13Bottom-up budgets:
-begin at sub-unit ( __ ) level- Adepartment level
- Blower level
- Care reviewed and compiled by the finance department
- Dare reviewed and compiled by the lower level department
- Eare not approved by senior management
- Fare approved by senior management
14Top down budgets:
-begin at the ___ department with ____ management guidance
-they are sent to the departments for __ ?- Afinance department
- Bfreshman department
- Csenior management
- Dlower management
- Eprocess
- Freview
15advantages of bottom-up and top-down budgets
- Abottom up are usually more accurate in the detailed tasks
- Borganizations can use both top-down and bottom-up budgeting
- Cthe budgeting technique that is most likely to motivate managers is....bottom up budgeting is the best way of motivating managers to meet
16the major disadvantage of a budget produced by top down process is....
- Abudget provide a means for coordinating the plans of all organization subunits. thus, budgets are a way to ''promote goal congruence''
- Bthis lack of participation may impair the coordination of objectives of subunits with those of the organization (goal congruence)
- Clower level managers will tend not to have an understanding and support for the top down budget
17a problem with bottom up budgeting is .... = individual team members overstate their budget needs
- AVerdadero
- BFalso
18___ budget is the ___ budget that develops the ___ data needed for the other budgets
- Astatistics budget, foundation budget, input data
- Brhetoric budget, financial budget, output data
19Important: a static budget is a budget that does not change as volume changes.
- AVerdadero
- BFalso
20statistics budget contains the basic forecasts for:
- Avolume of services provided
- Bno volume provided
- Cresources ( such as no labor and capital) needed to provide those services
- Dresources ( such as labor and capital) needed to provide those services
- Esmaller organizations do not have one at all.
- Fsmaller organizations may not have one.
21''revenue budget'' combines with volume data from the statistics budget with reimbursement expectations to ___ revenues
- Aforecast revenues
- Bget rid of revenues
- Cbuy reveneues
22the end result is a revenue forecast when it comes to revenue budget
end results:- Ain the aggregate
- Bby department
- Cby service
- Dby diagnosis
- Eby no service
- Fcommunity
23expense budget combines volume data from the statistics budget with detailed resource utilization data to forecast expenses
- AVerdadero
- BFalso
241. to be most useful, expenses must be broke down into ___ and ___ components.
2. like revenues, expenses must be forecasted at ____ levels- A1. fixed and variable components
- B1. fixed and no variable components
- C2 . one
- D2. two
- E3. multiple
25at larger organizations, each category will have a separate budget
- AVerdadero
- BFalso
26for larger organizations, the _____ budget, focuses on _______ profitibiality, combines information from the ___ and expense budgets
- Aoperation budget
- Breality profitability
- Cprojected profitability
- Drevenue
- Eassests
- Fsmall organizations may use a single operating budget in place of multiple budget types
27Operating budget example, budget is divided into four parts.
choose 4.- Avolume assumptions
- Brevenue assumptions
- Cfixed cost assumptions
- Dcost assumptions
- EPMPM statement
- Fp&l statement
28variance analysis is so useful to health service managers
- AVerdadero
- BFalso
29in variance analysis, there are 3 types of data used.
1. static budget, which is the ___ budget, unadjusted for realized volume
2. the realized, or actual, data reflects _____ results
3. a flexible budget is one that has been ___ to reflect realized volume, using ___ assumption- A1 original
- B1 unoriginal
- C1 new
- D2 before the fact results
- E2 after the fact results
- F3 adjusted, initial
- G3 unadjusted, initial
30An initial budget — known as a "static" budget
- AVerdadero
- BFalso
31flexible budget useful in variance analysis
- AVerdadero
- BFalso
32if the number of enrollees had changed a __________ flexible budget would be required
- Aa(n) old
- Bthird
- Csecond
- Dfirst
33costs are based on ___ volume applied to ____ assumptions
- Arealized, first
- Brealized, new
- Crealized, initial
- Drealized, usage
34profit variance = ___ - ____
- Aactual revenues - static revenues
- Bstatic costs - actual costs
- Cactual profit - static profit
35profit variance = actual profit - static profit ap - sp
revenue variance = actual revenues - static revenues ar - sr
cost variance = static cost - actual costs sc - ac- Ayes
- Bno
36variance are defined such that a negative (-) variance is ____
- Agood
- Bbad
37''variance analysis'' is applied to operating data such as ''census, labor hours, number of outpatient visits, and so on ''
often on a weekly (or even daily) basis- AVerdadero
- BFalso
Información
- Descripción
- Ez
- Autor
- nkhsemail
- Idioma
- English
- Visitas
- 36
- Etiquetas
- Valoración
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