Bha 4053 part iv | Biology homework help

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BHA 4053 Part IV

 

Question 1

Which of the following is NOT one of the elements of the budget calendars used at RHMC?

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outcome

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responsible parties

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activities

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date

Question 2

Which of the following is not one of the three things needed to determine when the very first budget steps have to be taken in any given year?

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The date that the budget must be presented to the board.

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The amount of time needed between budget activities.

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The amount of time needed for each activity.

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The outcome of each activity.

Question 3

The largest expense item in the fringe benefit category is the _________.

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health insurance expense.

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tuition reimbursement.

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worker’s compensation.

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unemployment insurance.

Question 4

The _________ determines the capital equipment to be acquired, buildings to be renovated, built, or leased, amounts to be spent, and the estimated useful life assigned to of these assets.

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operating budget

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capital budget

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renovation budget

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yearly budget

Question 5

_________ is a concept sometimes used in volume budgeting, and it is, often employed as the means to balance a budget that for one reason or another does not come out right the first time.

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Demographic changes

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Physician inputs

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Bonds

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Wishful thinking

Question 6

Which of the following is one of the cons of top-down budgeting?

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Administration is perceived as autocratic, not participative.

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There is less chance of the managers needing to redo their work to “balance the budget” as the assumptions change.

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The budget volumes may be closer to reality.

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Managers have no incentive to set aggressive targets.

Question 7

Good management suggests that the _________ is always the first payment priority.

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payment to trade vendors

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payroll taxes to government

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senior management payment

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payroll

Question 8

Which of the following is one of the pros of bottom-up budgeting?

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Administration is perceived as autocratic, not participative.

[removed]

 

There is less chance of the managers needing to redo their work to “balance the budget” as the assumptions change.

[removed]

 

The budget volumes may be closer to reality.

[removed]

 

Managers have no incentive to set aggressive targets.

Question 9

_________ is defined as revenues and expense levels as determined by each department manager and aggregated to establish the organization-wide budget.

[removed]

 

Top-down budgeting

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Bottom-up budgeting

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Bottom-down budgeting

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Organization-wide budgeting

Question 10

Which of the following is a pro of presenting a budget to the board of directors for approval 10 to 30 days before the next budget year begins?

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There may not be enough time to prepare and deliver the results of the approved budget to the department managers.

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The data and information used to project volumes is not current.

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The data and information used to prepare the budget, particularly the volumes, are the most current available.

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There is more time to prepare and deliver the results of the approved budget to the department managers.

Question 11

 

Discuss the most important steps in the operating budget process. Why are these more important than the other steps?

 

Question 12

 

Which is better the top-down budgeting process or the bottom-up methods? Why?

 

Question 13

 

 

(Chapters 6-7) Debate the issues relating to across-the-board labor cuts versus cuts predicated on labor standards. What are the pros and cons of each method? Which is preferable?

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