Question 1

Three premises on which the study of economics is based are:

Accepted Answer

A) price elasticity, choice, and scarcity 
B) scarcity, choice, and preference 
C) choice, price elasticity, and preference 
D) price elasticity, scarcity, and cost maximization 
A) price elasticity, choice, and scarcity 
B) scarcity, choice, and preference 
C) choice, price elasticity, and preference 
D) price elasticity, scarcity, and cost maximization

Question 2

Equipment depreciation,fringe benefits,and salaries are considered:

Accepted Answer

A) fixed costs 
B) variable costs 
C) direct expenses 
D) indirect expenses 
A) fixed costs 
B) variable costs 
C) direct expenses 
D) indirect expenses

Question 3

One aspect of health care's difference from a traditional economic model is:

Accepted Answer

A) payment mechanisms 
B) nursing care costs 
C) resource supply 
D) profit 
A) payment mechanisms 
B) nursing care costs 
C) resource supply 
D) profit

Question 4

The concept of _____ does not work well when applied to health care,because the general rule that when the price of an item or service goes up then the demand goes down does not necessarily apply to the public's demand for (or their belief in their right to obtain)a health care item or service.

Accepted Answer

A) price elasticity 
B) scarcity 
C) economics 
D) cost maximization 
A) price elasticity 
B) scarcity 
C) economics 
D) cost maximization

Question 5

Certificates of Need (CON)were found to be unsuccessful because:

Accepted Answer

A) there was no consistent oversight 
B) they focused only on hospitals 
C) hospitals spent more than their limits 
D) the cost of technology was too expensive 
A) there was no consistent oversight 
B) they focused only on hospitals 
C) hospitals spent more than their limits 
D) the cost of technology was too expensive

Question 6

The purchase of a new mammogram machine should be included in which of the following types of budgets?

Accepted Answer

A) operational 
B) capital 
C) construction 
D) balanced 
A) operational 
B) capital 
C) construction 
D) balanced

Question 7

Dashboards and balanced scorecards can be used to identify four perspectives of an organization.Which of the following are some of these perspectives? Select all that apply.

Accepted Answer

A) customer satisfaction 
B) staff satisfaction 
C) finances 
D) learning and growth 
A) customer satisfaction 
B) staff satisfaction 
C) finances 
D) learning and growth

Question 8

Not-for-profit organizations refer to their profit as:

Accepted Answer

A) margin 
B) appreciation 
C) economics 
D) revenue. 
A) margin 
B) appreciation 
C) economics 
D) revenue.

Question 9

_____ minus _____ equals profit.

Accepted Answer

A) Money/mission 
B) Revenue/need 
C) Income/expense 
D) Vision/mission 
A) Money/mission 
B) Revenue/need 
C) Income/expense 
D) Vision/mission

Three premises on which the study of economics is based are:

Equipment depreciation,fringe benefits,and salaries are considered:

One aspect of health care's difference from a traditional economic model is:

The concept of _____ does not work well when applied to health care,because the general rule that when the price of an item or service goes up then the demand goes down does not necessarily apply to the public's demand for (or their belief in their right to obtain)a health care item or service.

Certificates of Need (CON)were found to be unsuccessful because:

The purchase of a new mammogram machine should be included in which of the following types of budgets?

Dashboards and balanced scorecards can be used to identify four perspectives of an organization.Which of the following are some of these perspectives? Select all that apply.

Not-for-profit organizations refer to their profit as:

_ minus _ equals profit.

Nursing Leadership,Management,and Motivation

The Health Care Environment

Nursing Today

Decision Making, Critical Thinking, Technology, and Informatics

Inter-Professional Teamwork and Collaboration

Change, Innovation, and Conflict

Power and Politics

Delegation of Patient Care

Effective Staffing

Strategic Planning and Organizing of Patient Care for Quality and Safety

Time Management and Setting Patient Care Priorities

Quality Improvement and Evidence Based Patient Care

Legal Aspects of Health Care

Ethical Aspects of Health Care

Culture, Generational Differences, and Spirituality

NCLEX-RN Preparation and Your First Job

Career Planning and Achieving Balance

Filters

Exam 10: Budget Concepts for Patient Care

Three premises on which the study of economics is based are:

Equipment depreciation,fringe benefits,and salaries are considered:

One aspect of health care's difference from a traditional economic model is:

The concept of _____ does not work well when applied to health care,because the general rule that when the price of an item or service goes up then the demand goes down does not necessarily apply to the public's demand for (or their belief in their right to obtain)a health care item or service.

Certificates of Need (CON)were found to be unsuccessful because:

The purchase of a new mammogram machine should be included in which of the following types of budgets?

Dashboards and balanced scorecards can be used to identify four perspectives of an organization.Which of the following are some of these perspectives? Select all that apply.

Not-for-profit organizations refer to their profit as:

_____ minus _____ equals profit.

Nursing Leadership,Management,and Motivation

The Health Care Environment

Nursing Today

Decision Making, Critical Thinking, Technology, and Informatics

Inter-Professional Teamwork and Collaboration

Change, Innovation, and Conflict

Power and Politics

Delegation of Patient Care

Effective Staffing

Strategic Planning and Organizing of Patient Care for Quality and Safety

Time Management and Setting Patient Care Priorities

Quality Improvement and Evidence Based Patient Care

Legal Aspects of Health Care

Ethical Aspects of Health Care

Culture, Generational Differences, and Spirituality

NCLEX-RN Preparation and Your First Job

Career Planning and Achieving Balance

Filters

_ minus _ equals profit.