4189342
Questão 1
Questão
The operating or 5 year plan is ....
Responda
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how we expect to meet our objectives
-
how we expected to get rid of of what we are doing
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to go onto a 3 years plan
Questão 2
Questão
The planning process takes...
Responda
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less than the year
-
more than the year
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randomly throughout the year
-
more or less continuously throughout the year
Questão 3
Questão
The plan is most detailed for the ___ year
Responda
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1st
-
2nd
-
3rd
-
4th
-
5th
Questão 4
Questão
Managerial accounting is ___ year only
Responda
-
1st
-
2nd
-
3rd
-
4th
Questão 5
Questão
Budgets are ... plans, expressed in .... terms....that specify how resources will be used over some period of time
Responda
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undetailed
-
detailed
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easy
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half
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dollar
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long period of times
Questão 6
Questão
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 ___
Responda
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level
-
by no contract
-
by contract
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unexpedentiures
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expedentiure
Questão 7
Questão
To be effective, budget must not be thought of as financial tools, but rather as
Responda
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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
Questão 8
Questão
Budgets are used for: planning, communication, control
Responda
- True
- False
Questão 9
Questão
all organizations use ____ budgets to set standards for the coming year
Responda
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annual
-
semi annual
Questão 10
Questão
most use quarterly budgets to ensure timely feedback and control
Responda
- True
- False
Questão 11
Questão
Not all budgets types have to follow the same timing pattern.
Responda
- True
- False
Questão 12
Questão
Out year budgets are more for ___ than for ____ purposes
Responda
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unplanning, control
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control, planning
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planning, control
Questão 13
Questão
Bottom-up budgets:
-begin at sub-unit ( __ ) level
Responda
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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
-
are approved by senior management
Questão 14
Questão
Top down budgets:
-begin at the ___ department with ____ management guidance
-they are sent to the departments for __ ?
Responda
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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
Questão 15
Questão
advantages of bottom-up and top-down budgets
Responda
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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
Questão 16
Questão
the major disadvantage of a budget produced by top down process is....
Responda
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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
Questão 17
Questão
a problem with bottom up budgeting is .... = individual team members overstate their budget needs
Responda
- True
- False
Questão 18
Questão
___ budget is the ___ budget that develops the ___ data needed for the other budgets
Responda
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statistics budget, foundation budget, input data
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rhetoric budget, financial budget, output data
Questão 19
Questão
Important: a static budget is a budget that does not change as volume changes.
Responda
- True
- False
Questão 20
Questão
statistics budget contains the basic forecasts for:
Responda
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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.
-
smaller organizations may not have one.
Questão 21
Questão
''revenue budget'' combines with volume data from the statistics budget with reimbursement expectations to ___ revenues
Responda
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forecast revenues
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get rid of revenues
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buy reveneues
Questão 22
Questão
the end result is a revenue forecast when it comes to revenue budget
end results:
Responda
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in the aggregate
-
by department
-
by service
-
by diagnosis
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by no service
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community
Questão 23
Questão
expense budget combines volume data from the statistics budget with detailed resource utilization data to forecast expenses
Responda
- True
- False
Questão 24
Questão
1. to be most useful, expenses must be broke down into ___ and ___ components.
2. like revenues, expenses must be forecasted at ____ levels
Responda
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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
Questão 25
Questão
at larger organizations, each category will have a separate budget
Responda
- True
- False
Questão 26
Questão
for larger organizations, the _____ budget, focuses on _______ profitibiality, combines information from the ___ and expense budgets
Responda
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operation budget
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reality profitability
-
projected profitability
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revenue
-
assests
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small organizations may use a single operating budget in place of multiple budget types
Questão 27
Questão
Operating budget example, budget is divided into four parts.
choose 4.
Responda
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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
-
p&l statement
Questão 28
Questão
variance analysis is so useful to health service managers
Responda
- True
- False
Questão 29
Questão
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
Responda
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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
Questão 30
Questão
An initial budget — known as a "static" budget
Responda
- True
- False
Questão 31
Questão
flexible budget useful in variance analysis
Responda
- True
- False
Questão 32
Questão
if the number of enrollees had changed a __________ flexible budget would be required
Responda
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a(n) old
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third
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second
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first
Questão 33
Questão
costs are based on ___ volume applied to ____ assumptions
Responda
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realized, first
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realized, new
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realized, initial
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realized, usage
Questão 34
Questão
profit variance = ___ - ____
Responda
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actual revenues - static revenues
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static costs - actual costs
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actual profit - static profit
Questão 35
Questão
profit variance = actual profit - static profit ap - sp
revenue variance = actual revenues - static revenues ar - sr
cost variance = static cost - actual costs sc - ac
Responda
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yes
-
no
Questão 36
Questão
variance are defined such that a negative (-) variance is ____
Responda
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good
-
bad
Questão 37
Questão
''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
Responda
- True
- False
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