Budget

Question 1

Which items are considered part of “Corporate Overhead?” CHOOSE THREE

Question 1Select one or more:

a.
Salaries of Administrative Leadership

b.
Billing and Accounting

c.
Human Resources

d.
Occupational Therapy Salaries

e.
Continuing Education Conference Fee

f.
Wheelchair for Rehab Department

g.
OT staff Licensure & Registration Fees

Answer 1

A. Salaries of Administrative Leadership

b.
Billing and Accounting

c.
Human Resources

Question 2

What are items with a useful lifespan, typically longer than 1 year, and not intended for sale (such as treatment tables and computers) called?

Question 2Answer

a.
Corporate Overhead

b.
Capital Expenses

c.
Capital Assets

d.
Salary Expenses

Answer 2

capital expenses

Question 3

Which of the following is a department that does not add to the profit of an organization, but does cost the organization money to operate?

Question 3Answer

a.
Cost Center

b.
Cost Containment

c.
Capital Expenses

d.
Corporate Overhead

Answer 3

corporate overhead

Question 4

A Fixed Expense refers to:

Question 4Select one:

a.
Costs that remain constant from one month to another

b.
Costs that are anchored to the volume of service you provide

c.
Costs associated with providing care to patients

d.
Costs associated with the organization that are not directly for the patient

Answer 4

A.

Question 5

Select all that a hospital is required to provide to full time employees, by federal law. CHOOSE THREE.

Question 5Select one or more:

a.
Worker’s Compensation Insurance

b.
Time off for Jury Duty

c.
FICA Taxes withdrawn

d.
Sick Pay

e.
Vacation Pay

Answer 5

A, B, C