MAT 543 EXAM 3-FINAL

·         Question 15 out of 5 points



 
 


 

Analytical decision-making can be depicted in which type of pictorial format?

 
 
 



·         Question 2
5 out of 5 points



 
 


 

In instances where no information about the probability of the future is available, how should probabilities be set?

 
 
 



 
·         Question 3
5 out of 5 points



 
 


 

Decision makers will be effective if they forgo trying to control which aspect of the decision-making process?

 
 
 



 
·         Question 4
5 out of 5 points



 
 


 

What is a required component to consider for every decision?

 
 
 



 
·         Question 5
5 out of 5 points



 
 


 

Which method to determine costs involves using a provider-based approach?

 
 
 



 
·         Question 6
5 out of 5 points



 
 


 

How is the cost-effectiveness of an intervention defined?

 
 
 



 
·         Question 7
5 out of 5 points



 
 


 

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

 
 
 



·         Question 8
5 out of 5 points



 
 


 

If service times are clustered about one number and look symmetric, how large of a sample may be sufficient as a basis for estimating mean service time?

 
 
 



·         Question 9
5 out of 5 points



 
 


 

What does TSPR stand for?

 
 
 



·         Question 10
5 out of 5 points



 
 


 

What does PERT analysis allow managers to do regarding the use of slack?

 
 
 



·         Question 11
5 out of 5 points



 
 


 

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

 
 
 



 
·         Question 12
5 out of 5 points



 
 


 

A health care project manager will be sorely disappointed if he holds which belief to be true once a project is finally determined?

 
 
 



·         Question 13
5 out of 5 points



 
 


 

How is a hurdle rate used in practice inside of an organization?

 
 
 



·         Question 14
5 out of 5 points



 
 


 

What is meant by an organization’s hurdle rate?

 
 
 



·         Question 15
5 out of 5 points



 
 


 

How is the modified rate of return (MIRR) calculated?

 
 
 



·         Question 16
0 out of 5 points



 
 


 

Assume a prevailing discount rate of 7%, what is the computed internal rate of return (IRR) for this series of cash flows?  
Year                                Cash Flow
CY                                    ($450,000)
CY + 1                             $79,000
CY + 2                             $125,000
CY + 3                             $140,000
CY + 4                             $135,000
CY + 5                             $45,000

 
 
 



·         Question 17
5 out of 5 points



 
 


 

Which quality analysis technique is used to specifically create group consensus?

 
 
 



·         Question 18
5 out of 5 points



 
 


 

Which chart provides upper and lower limits that are used for examining variations to determine if system changes are needed?

 
 
 



·         Question 19
5 out of 5 points



 
 


 

Total Quality Management (TQM) is based on the premise that any system exhibits a natural level of what?

 
 
 



·         Question 20
5 out of 5 points



 
 


 

Which chart is used to describe process, system, and how the system works?

 
 
 



·         Question 21
5 out of 5 points



 
 


 

Which type of planning focuses on resource allocation decisions to achieve goals and objectives?

 
 
 



·         Question 22
5 out of 5 points



 
 


 

Which external factor in healthcare strategic planning is concerned with income and education level?

 
 
 



·         Question 23
5 out of 5 points



 
 


 

Which external factor in healthcare strategic planning is concerned with natal, mortality, and morbidity statistics?

 
 
 



·         Question 24
5 out of 5 points



 
 


 

Based on the data in the chart, what is the primary service area for Hospital A?
 
Community                            Hospital A              Hospital B              Hospital C              Hospital D
West                                       14.65%                   3.19                        63.29                      18.87%   
East                                         17.93                      3.23                        56.31                      22.53      
North                                      9.68                        12.32                      14.74                      63.27
South                                      4.94                        48.00                      9.45                        37.61
Central                                   10.15                      6.83                        30.45                      52.56
Upper                                     5.67                        56.92                      8.62                        28.80
Lower                                     44.39                      1.24                        25.36                      29.01

 
 
 



·         Question 25
5 out of 5 points



 
 


 

Which type of planning focuses on space issues?

 
 
 



 
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