Finance budget attention nimmo | Business & Finance homework help

1.       A key element of the variance report is the _________ set by the organization, triggering the need for an explanation.

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  margin

   parameter

   list

   criteria

Question 3

 

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.

  MSOs

   HSOs

   HMCs

   PHMCs

 

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.

 

7.       A _________ budget is adjusted for changes in volume.

  flexible

   cash

   operating

   volume-adjusted

 

8.       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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