• Question 1
0 out of 4 points
How do the Mission, Vision and Value statements tie to the strategic plan?
Selected Answer:
They are
... [Show More] enduring statements of the organization's purpose.
Answers: They are enduring statements of the organization's purpose.
They help to identify specific market opportunities and threats.
They identify a specific future state of the organization.
They are reaffirmed during the planning process to ensure they are aligned with future strategic directions.
They help to change the organization's culture.
• Question 2
4 out of 4 points
Which of the following statements about the inclusion of key financial indicators in the planning process is true?
Selected Answer:
Pricing and/or rate setting arrangements should be included.
Answers:
Pricing and/or rate setting arrangements should be included.
Budget targets should have a margin of +/- 5%.
The financial reserves of an organization need not be considered.
Historical data should be included, but not forecasts since the plan has not yet been completed.
• Question 3
4 out of 4 points
What is the purpose of the planning assumptions in development of the organizational volume forecast?
Selected Answer:
C & D
Answers: To fill in gaps of missing data.
To provide a "best guess" of which service lines to invest in.
To account for changes in technology, demographics and other market forces.
To account for competitors' future actions.
C & D
• Question 4
4 out of 4 points
What is the department manager's role in strategic planning?
Selected Answer:
All of the above.
Answers: Monitor market activity and report to senior leadership.
Maintain knowledge of organizational strategy and intent.
Ensure subordinates understand the organizational strategy.
Identify ways to support the organization's strategy.
All of the above.
• Question 5
4 out of 4 points
Why is it important to consider Innovations in Technology in development of the strategic plan?
Selected Answer:
They may represent a threat of substitute products.
Answers: New technologies tend to be expensive.
They may represent a threat of substitute products.
Medicare will not reimburse for them.
A successful organization must have the latest in medical advances.
None of the above. [Show Less]