# MAT 543 EXAM 3-FINAL

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

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5 out of 5 points

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

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5 out of 5 points

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

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5 out of 5 points

What is a required component to consider for every decision?

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5 out of 5 points

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

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5 out of 5 points

How is the cost-effectiveness of an intervention defined?

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5 out of 5 points

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

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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?

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5 out of 5 points

What does TSPR stand for?

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5 out of 5 points

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

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5 out of 5 points

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

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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?

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5 out of 5 points

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

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5 out of 5 points

What is meant by an organization’s hurdle rate?

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5 out of 5 points

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

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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

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5 out of 5 points

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

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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?

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5 out of 5 points

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

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5 out of 5 points

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

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5 out of 5 points

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

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5 out of 5 points

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

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5 out of 5 points

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

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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

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5 out of 5 points

Which type of planning focuses on space issues?

**Question 1**5 out of 5 pointsAnalytical 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

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**Question 25**5 out of 5 points

Which type of planning focuses on space issues?

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