MATHEMATICS

Question 1 

What are the most important aspects resulting from a decision made in the health care industry?

 

monetary increases

 

consequences

 

experiences gained

 

insights gleaned

Question 2 

What is a required component to consider for every decision?

 

alternatives

 

previous states of the world

 

examples of past payoffs

 

current technology

Question 3 

The probability of a decision’s possibility must always add up to what?

 

100

 

1/100

 

1

 

50/50

Question 4 

Which is an example of using relevant information for the purpose of determining the potential payoff of a decision?

 

whether to hire more staff or not

 

whether to invest in equipment or not

 

whether or not new technology is developed

 

adding service hours, minus resource cost, within reasonable estimates   of potential volume increases

Question 5 

Regardless of the technique chosen to estimate provider times, what should be produced in relation to service times?

 

flow chart

 

histogram

 

scatter plot

 

regression line graph

Question 6 

Which method to determine costs is considered the least accurate way to collect information?

 

direct observation

 

random observation

 

time diary

 

patient records

 

provider surveys

Question 7 

Which method to determine costs is based on the proportion of time spent on an activity being equal to the proportion of observations made of that particular activity during the work day?

 

direct observation

 

random observation

 

time diary

 

patient records

 

provider surveys

Question 8 

How is the cost-effectiveness of an intervention defined?

 

intervention costs divided by benefits

 

side effects costs divided by benefits

 

side effects costs minus direct medical care costs saved

 

intervention and side effects costs divided by benefits

Question 9 

What is known as the difference between the earliest and latest start times for an activity?

 

slack time

 

delayed activities

 

total project time

 

critical path length

Question 10 

A Work Breakdown Structure (WBS) should do what?

 

use a pictorial outline system

 

create heading for the whole project

 

be as detailed within project tasks as possible

 

calculate the work output

Question 11 

What is a key aspect of a project?

 

It is an ongoing activity.

 

It is repeated at multiple time points.

 

It is executed frequently.

 

It is a one-time set of activities.

Question 12 

The summed time of each activity on the critical path is known as what?

 

slack time

 

delayed activities

 

total project time

 

critical path length

Question 13 

Harris Health is considering the development of a new ambulatory care service.  The project will cost $500,000 to implement and have a useful life of five years.  At the conclusion of the project’s useful life, equipment associated with the project can be sold for $45,000.  Over the five years of operation, incremental revenue attributed to the project will be $180,000 annually, while incremental expenses annually will be $48,000.  The organization is also considering an alternative project of similar risk and time horizon which has a rate of return equal to 4.5%. Assume Harris Health has a hurdle rate of 7% for projects of this type. From a financial perspective, should Harris pursue the project?

 

The computed internal rate of return is greater than the   hurdle rate, therefore Harris Health should pursue the project.

 

The computed internal rate of return is less than the hurdle   rate, therefore Harris Health should pursue the project.

 

The computed internal rate of return is greater than the   hurdle rate, therefore Harris Health should not pursue the project.

 

The computed internal rate of return is equal to the hurdle   rate, therefore Harris Health should pursue the project.
Question 14 

What is meant by an organization’s hurdle rate?

 

Hurdle rate is the maximum acceptable rate of return on a   project.

 

Hurdle rate is the minimum acceptable rate of return on a   project.

 

Hurdle rate is the minimum acceptable expenditure on a   project.

 

Hurdle rate is the maximum acceptable expenditure on a   project.
Question 15 

A specific investment provides an opportunity for the following stream of cash flows:  Year CY+ 1 through CY + 5: $40,000 per year, years CY+6 through CY+10: $25,000 per year, year CY+11: $5,000.  Assume a discount rate of 4%. What should you be willing to pay for this investment? Solve the problem by taking advantage of the imbedded annuity in the future cash flows.

 

$270,019

 

$269,563

 

$272,798

 

$271,244

Order now and get 10% discount on all orders above $50 now!!The professional are ready and willing handle your assignment.

ORDER NOW »»