1. George Francis works at Gentry Medical Center which is in sunny Florida. The Medical Center experiences a higher volume of business closer to fall when many of the patients return for the winter from their summertime spent in the northern states. George is meeting with his supervisor to review the budget and show them where there is the largest cash flow. Identify the month that George will be showing to his supervisor.

   	July	October	November	December
   Medicare/Medicaid	$100,000	$150,000	$195.000	$200,000
   Private Pay	$30,000	$50,000	$60,000	$60,000
   Other Insurance	$50,000	$35,000	$65,000	$55,000
   Cash Receipts
   Personnel Costs	$150,000	$75,000	$90,000	$100,000
   Supplier Payment	$50,000	$30,000	$30,000	$40,000
   Capital Assets	$25,000	$40,000	$38,000	$37,000
   Cash Disbursements
   Monthly Cash Flow

   a. July

   b. October

   c. November

   d. December

2. Who would not be involved in the process of completing or approving a budget amendment form?

   a. Finance department

   b. Human resources

   c. Nursing staff

   
   

   d. Unit manager

3. The operating budget is commonly known as which of the following?

   a. Annual revenue

   b. Annual

   c. Annual expenditure

   d. Budgeting system

4. Hardly Cardiac Center is focusing on reducing their costs for employee professional development. Currently, only upper-level management can get reimbursement up to $200.00 a training. All professional development training must be approved by the budget department. What type of budgeting is Hardly Cardiac Center using?

   a. Incremental

   b. Top-down

   c. Bottom-up

   d. Zero-base

5. Tom Smith is a unit manager for the ER department at Joplry Medical Center. As a unit manager, Tom has limitations on exceeding a budget based on a particular item. Joplry Medical Center prohibits a unit manager from spending funds from any line items that would exceed that line budget. What type of budget control is Joplry Medical Center authorizing for their unit managers?

   a. Departmental

   b. Section

   c. Actual Expenditure

   
   

   d. Line-item

6. Kelsey Jones is the unit manager for the surgery department at Vefrey Medical Center. Every year he must figure out operating expenses for office supplies, equipment, and salaries for the unit's full-time and part-time employees. Vefrey Medical Center gives their unit manager authorization to use any available funds from any category if the funds do not exceed the budget. What type of budget control is Vefrey Medical Center authorizing for their unit managers?

   a. Departmental

   b. Section

   c. Actual Expenditure

   
   

   d. Line-item

7. Frank Killey is meeting with the finance management team and a few executives at Holly Dental Associates to determine the dental organization's budget. Frank has found this type of budgeting enables a budget to be created and maintained more efficiently. Which type of budgeting is Frank implementing?

   a. Bottom-up

   b. Incremental

   c. Zero-base

   d. Top-down

8. An effective tool for management of a practice is to compare the actual expenses to which budget?

   a. Revenue

   b. Semi-annual

   c. Quarterly

   
   

   d. Annual

9. What is the largest cost under operating expenses for a medical facility?

   a. Equipment

   b. Miscellaneous costs

   c. Patient supplies

   d. Continuing education

Answer rating: 100% (QA)

1 Identify the month with the largest cash flow for George to show his supervisor To find the month with the largest cash flow we need to calculate the net cash flow for each month The net cash flow i... View the full answer