BUSN 340 Midterm

BUSN 340 Midterm

BUSN 340 Midterm

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Points Received: 55 / 100 (55%)

Short 5
Essay 2

Grade Details - All Questions
Page: 1 2
Question 1. Question : (TCO 4) ________________ is a phase of management that is longer than budgeting, but shorter than planning.

Question 2. Question : (TCO 4) The following is an example of a _____________ budget:
"The budget for the radiology department is different at 90 percent occupancy than at 80 percent occupancy."

Question 3. Question : (TCO 4) Efficiency is a relationship between:

Question 4. Question : (TCO 3) Which of the following is the first step in any budgetary process?

Question 5. Question : (TCO 3) Your controller has told you that the marginal profit of DRG 209 (major joint procedure) for a Medicare patient exceeds the marginal profit for an average charge patient. Why might this occur?

Question 6. Question : (TCO 2) A statement that reports inflows and outflows of cash during the accounting period in the categories of operations, investing, and financing, is called a(an):

Question 7. Question : (TCO 2) The _____ is a way for organizations to improve the collection and communication of financial and operating information.

1. Question : (TCO 4) Based on the below information, what dollar effect did the increased admission rate have on cost?
You have been asked by management to explain the variances in costs under your inpatient capitated contract. The following data is provided. Use the following data to calculate the variances.
Budget Actual
Inpatient Costs $12,568,500 $16,618,350
Members 42,000 42,000
Admission Rate 0.070 0.095
Case Mix Index 0.90 0.85
Cost per Case (CMI = 1.0) $4,750 $4,900

Question 2. Question : (TCO 4)Based on the information below, assume that the only change in the original example data is that Blue Cross raises their discount to 20 percent. What price...

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