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Frage 1
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The operating or 5 year plan is ....
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how we expect to meet our objectives
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how we expected to get rid of of what we are doing
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to go onto a 3 years plan
Frage 2
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The planning process takes...
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less than the year
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more than the year
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randomly throughout the year
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more or less continuously throughout the year
Frage 3
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The plan is most detailed for the ___ year
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1st
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2nd
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3rd
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4th
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5th
Frage 4
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Managerial accounting is ___ year only
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1st
-
2nd
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3rd
-
4th
Frage 5
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Budgets are ... plans, expressed in .... terms....that specify how resources will be used over some period of time
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undetailed
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detailed
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easy
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half
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dollar
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long period of times
Frage 6
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Budgets may be developed and applied to any ___ within an organization
such as:
aggregate
by department
by service line
by ____
by the nature of the ___
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level
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by no contract
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by contract
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unexpedentiures
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expedentiure
Frage 7
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To be effective, budget must not be thought of as financial tools, but rather as
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highly financial tools
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planning tools
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control tools
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managerial tools
Frage 8
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Budgets are used for: planning, communication, control
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- True
- False
Frage 9
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all organizations use ____ budgets to set standards for the coming year
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annual
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semi annual
Frage 10
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most use quarterly budgets to ensure timely feedback and control
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- True
- False
Frage 11
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Not all budgets types have to follow the same timing pattern.
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- True
- False
Frage 12
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Out year budgets are more for ___ than for ____ purposes
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unplanning, control
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control, planning
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planning, control
Frage 13
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Bottom-up budgets:
-begin at sub-unit ( __ ) level
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department level
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lower level
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are reviewed and compiled by the finance department
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are reviewed and compiled by the lower level department
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are not approved by senior management
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are approved by senior management
Frage 14
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Top down budgets:
-begin at the ___ department with ____ management guidance
-they are sent to the departments for __ ?
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finance department
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freshman department
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senior management
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lower management
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process
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review
Frage 15
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advantages of bottom-up and top-down budgets
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bottom up are usually more accurate in the detailed tasks
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organizations can use both top-down and bottom-up budgeting
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the budgeting technique that is most likely to motivate managers is....bottom up budgeting is the best way of motivating managers to meet
Frage 16
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the major disadvantage of a budget produced by top down process is....
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budget provide a means for coordinating the plans of all organization subunits. thus, budgets are a way to ''promote goal congruence''
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this lack of participation may impair the coordination of objectives of subunits with those of the organization (goal congruence)
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lower level managers will tend not to have an understanding and support for the top down budget
Frage 17
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a problem with bottom up budgeting is .... = individual team members overstate their budget needs
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- True
- False
Frage 18
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___ budget is the ___ budget that develops the ___ data needed for the other budgets
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statistics budget, foundation budget, input data
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rhetoric budget, financial budget, output data
Frage 19
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Important: a static budget is a budget that does not change as volume changes.
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- True
- False
Frage 20
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statistics budget contains the basic forecasts for:
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volume of services provided
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no volume provided
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resources ( such as no labor and capital) needed to provide those services
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resources ( such as labor and capital) needed to provide those services
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smaller organizations do not have one at all.
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smaller organizations may not have one.
Frage 21
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''revenue budget'' combines with volume data from the statistics budget with reimbursement expectations to ___ revenues
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forecast revenues
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get rid of revenues
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buy reveneues
Frage 22
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the end result is a revenue forecast when it comes to revenue budget
end results:
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in the aggregate
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by department
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by service
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by diagnosis
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by no service
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community
Frage 23
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expense budget combines volume data from the statistics budget with detailed resource utilization data to forecast expenses
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- True
- False
Frage 24
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1. to be most useful, expenses must be broke down into ___ and ___ components.
2. like revenues, expenses must be forecasted at ____ levels
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1. fixed and variable components
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1. fixed and no variable components
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2 . one
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2. two
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3. multiple
Frage 25
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at larger organizations, each category will have a separate budget
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- True
- False
Frage 26
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for larger organizations, the _____ budget, focuses on _______ profitibiality, combines information from the ___ and expense budgets
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operation budget
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reality profitability
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projected profitability
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revenue
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assests
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small organizations may use a single operating budget in place of multiple budget types
Frage 27
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Operating budget example, budget is divided into four parts.
choose 4.
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volume assumptions
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revenue assumptions
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fixed cost assumptions
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cost assumptions
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PMPM statement
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p&l statement
Frage 28
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variance analysis is so useful to health service managers
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- True
- False
Frage 29
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in 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
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1 original
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1 unoriginal
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1 new
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2 before the fact results
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2 after the fact results
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3 adjusted, initial
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3 unadjusted, initial
Frage 30
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An initial budget — known as a "static" budget
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- True
- False
Frage 31
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flexible budget useful in variance analysis
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- True
- False
Frage 32
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if the number of enrollees had changed a __________ flexible budget would be required
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a(n) old
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third
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second
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first
Frage 33
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costs are based on ___ volume applied to ____ assumptions
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realized, first
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realized, new
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realized, initial
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realized, usage
Frage 34
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profit variance = ___ - ____
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actual revenues - static revenues
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static costs - actual costs
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actual profit - static profit
Frage 35
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profit variance = actual profit - static profit ap - sp
revenue variance = actual revenues - static revenues ar - sr
cost variance = static cost - actual costs sc - ac
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yes
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no
Frage 36
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variance are defined such that a negative (-) variance is ____
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good
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bad
Frage 37
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''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
Antworten
- True
- False
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