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Management EX 3 Flashcards | StudBud
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Management EX 3
Management EX 3
82 terms
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StudBud Administration
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8 plays
Spring 2019
Flashcards
82 cards
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Practice quiz
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Questions
82
Answers
1
Compliant & analytical; Perceives self w/ little control over a hostile environment
Conscientious personality type
Dominant personality type
Steadfast personality type
Influencer personality type
2
Public services, communication, advertising
Internal marketing
External marketing
3
Which of these is NOT a form of marketing?
Branding
All of these are forms of marketing
Advertising & Promotions
Public relations & educating
4
Client follows MOST recommendations for routine care & pays readily but may complain
Client type B
Client type D
Client type C
Client type A
5
Inducement & expresser; Perceives self as having control over a friendly/supportive environment
Conscientious personality type
Steadfast personality type
Dominant personality type
Influencer personality type
6
Which style is effective in a steady work place w/ skilled, motivated & team-oriented employees
Participative
Delegative/Laissez-faire
Directive
You're gonna rock this test
7
Management fields matching: WHERE; staffing, inventory, facilities; managing all the resources
Operations & facilities
Finances
Personnel
Marketing
8
Insurance to protect employees injured in work-related incidents
Pensions & employee benefits
Workers compensation
Unemployment insurance
Occupational safety & health administration (OSHA)
9
What are the 4 Ps of marketing?
I can't think of anymore P words
Product, place, price, & promotion
Product, people, pets, & prices
Passive, promotional, pet-oriented & people oriented
10
Which medical record audit should be performed by a doctor or medical professional?
Medicine audit
Charge audit
11
Financial support during temporary involuntary unemployment funded by tax on employer
Unemployment insurance
Workers compensation
Patient protection & affordable care act
Pensions & employee benefits
12
Mortgages, taxes, utilities, overhead
Variable expense
Fixed expense
13
What is the basic formula for efficient inventory expense management?
Opportunity cost = carrying cost
Ordering cost = carrying cost
Carrying cost = ordering cost + opportunity cost
Opportunity cost = ordering cost
14
Which of these is NOT part of hospital culture?
Team members
Management
Mission, values & vision
The culture consists of all of these
15
Which of these is NOT part of emotional intelligence?
All of these are part of emotional intelligence
Having awareness of self & others emotions
Able to incorporate emotional effects when solving problems
Managing self & others emotions
16
Money spent (either fixed or variable)
Profit
Liability
Equity
Expense
17
Communication & development framework; brings the dream down to reality
Directing
Planning
Organizing
Evaluating
18
Why exist? Why are you a vet? why is that business there?
Vision
Mission
19
Employees are motivated by money, benefits, & threats of punishment; do NOT want responsibility
Theory Y
Theory X
20
Management fields matching: HOW; managing money
Marketing
Personnel
Operations & facilities
Finances
21
Management fields matching: WHY; getting word out to others about why you're there
Finances
Personnel
Operations & facilities
Marketing
22
Equal employment opportunity commission; race, color, religion, sex, &/or nationality equality
Fair labor standards act (FLSA)
Civil rights act (CRA)
Occupational safety & health administration (OSHA)
Workers compensation
23
Item added to a specific account
Accounts receivable
Chart of accounts
Credit
Debit
24
What is important to remember when correcting an employee?
Correct in private if possible
All of these are useful tools
Always speak & act w/ respect
Use "compliment sandwich" (positive-correction-positive)
25
Overseeing personnel & resources; someone needs to make sure things happen
Organizing
Directing
Evaluating
Planning
26
What is the 2nd highest expense category for a typical vet practice?
Inventory
Staffing
Utilities
Equipment maintenance
27
What difference is made?
Vision
Mission
28
The places that really succeed start w/ a mission
and
a vision statement.
True
False
29
Driver & director; perceives self as powerful over a hostile environment; very goal oriented
Influencer personality type
Conscientious personality type
Dominant personality type
Steadfast personality type
30
Drugs & supplies
Fixed expense
Variable expense
31
Money received
Asset
Liability
Income
Net income
32
Business actions involved in providing goods & services
Operations
Facilities
33
Show the way forward (made the mission & vision)
Leaders
Managers
34
Keep the clients you already have, inform of additional services, support referrals
Internal marketing
External marketing
35
Management fields matching: WHO; human resources
Personnel
Marketing
Finances
Operations & facilities
36
Unchanged w/ amount of revenue; percentage of expenses
decreases
as revenue increases
Fixed expense
Variable expense
37
You want leaders
and
managers in a business to provide both direction & a purpose.
True
False
38
Which of these is NOT true regarding missed charges?
Fastest way for "salary increase" on production-based pay
Easy way to improve financial well-being by decreasing them
Goods sold or services rendered that are NOT invoiced
Not a serious source of revenue loss
39
Email/US mail, phone calls, website info, facebook posts, TV/radio ads, business cards
Indirect marketing technique
Direct marketing technique
40
Which style is effective w/ a credible & knowledgeable leader w/ clear standard?
You're gonna rock this test
Directive
Participative
Delegative/Laissez-faire
41
Supportive management style
Directive
You're gonna rock this test
Participative
Delegative/Laissez-faire
42
Client has animal treated for essentials only, unaware of or rejects additional services
Client type C
Client type A
Client type B
Client type D
43
Cost-benefit analysis: divide the total cost of buying equipment by anticipated demand = fee
False
True
44
Where the team manages itself
Delegative/Laissez-faire
Directive
Participative
You're gonna rock this test
45
Includes physical building & equipment
Operations
Facilities
46
$ amount after subtracting expenses from income
Income
Liability
Net income
Expense
47
Goals & strategy; first step; typically the leader's job
Evaluating
Organizing
Planning
Directing
48
Which style is effective in a highly skilled self-motivated & self-directed team w/ resources?
Participative
Directive
Delegative/Laissez-faire
You're gonna rock this test
49
Why is hospital culture important?
Because Dr. West said so
It assesses the cleanliness of the hospital environment
It keeps the hospital personnel diverse
It attracts & retains personnel
50
Make sure everyone moves in the same direction
Managers
Leaders
51
Helps direct people to know what you do.
Mission
Vision
52
NOT required; tax benefits to employer; compensation for employee; needs careful record keeping
Unemployment insurance
Consolidated Omnibus Budget Reconciliation Act (COBRA)
Patient protection & affordable care act
Pensions & employee benefits
53
What tools can you use to effectively manage your brand?
Up to date practice website
Social media & newsletters
All of these
Hospital info brochures
54
Property or goods including cash that is of value & is yours
Net income
Asset
Income
Transaction
55
What is the #1 highest expense category for a typical vet practice?
Inventory
Staffing
Equipment maintenance
Utilities
56
What should be included in the fees & prices for clients at a vet practice?
Inventory costs
Dr & staff time/compensation
It should include all of these
Portion of fixed expenses & owner return on investment
57
Client allows treatment only when DIRE need & resists paying anything
Client type B
Client type D
Client type C
Client type A
58
$ amount after ALL liabilities & reinvested income removed from income
Chart of accounts
Equity
Profit
Credit
59
All employers must follow rules & allow regular inspections +/- citations & penalties
Workers compensation
Occupational safety & health administration (OSHA)
Civil rights act (CRA)
Unemployment insurance
60
Changes w/ amount of revenue; Total expense
increases
as revenue increases
Variable expense
Fixed expense
61
Holding cost; cost to keep items "on the shelf"
Ordering cost
Opportunity cost
Independent cost
Carry cost
62
Submissive & relater; Perceives self w/ little control over a NON-threatening/supportive place
Steadfast personality type
Dominant personality type
Influencer personality type
Conscientious personality type
63
Established minimum wage, overtime pay, exemptions; began record keeping; employment of minors
Immigration reform & control act (IRCA)
Occupational safety & health administration (OSHA)
Fair labor standards act (FLSA)
Civil rights act (CRA)
64
Employees motivated by desire for recognition, sense of self-worth & interest in work well-done
Theory Y
Theory X
65
What adds additional discrimination categories to the CRA regarding sexual/other harassment?
Title 7
Title 11
Title 9
Title 5
66
Form I-9; proof that new employee is eligible for employment in the US
Fair labor standards act (FLSA)
Civil rights act (CRA)
Occupational safety & health administration (OSHA)
Immigration reform & control act (IRCA)
67
Organized listing of ALL income, expense, assets, liabilities, & equity
Debit
Profit
Credit
Chart of accounts
68
Employee health plans (2 answers)
Patient protection & affordable care act
Pensions & employee benefits
Unemployment insurance
Consolidated Omnibus Budget Reconciliation Act (COBRA)
69
Money due to a business from goods sold & services already performed
Credit
Accounts receivable
Debit
Accounts payable
70
Client wants top quality medicine for their animal & is willing to pay for it.
Client type A
Client type D
Client type C
Client type B
71
Authoritarian management style
Participative
Delegative/Laissez-faire
You're gonna rock this test
Directive
72
Which of these is NOT an employee exemption (salary, no OT) under the fair labor standards act?
Professional
Executive
Independent
Administrative
73
Money owed to another for goods or services received
Debit
Accounts receivable
Accounts payable
Credit
74
Financial interaction
Asset
Income
Net income
Transaction
75
Facility appearance, staff attitude, customer service, type of sign, name badges
Direct marketing technique
Indirect marketing technique
76
Item subtracted from a specific account
Debit
Accounts receivable
Credit
Accounts payable
77
Money tied up in inventory that can NOT be used for other items
Carry cost
Opportunity cost
Ordering cost
Independent cost
78
Pareto's principle says approximately 80% of ____ come from 20% of ____.
Causes; effects
Effects; causes
79
= asset - liability; Financial claim on an asset
Profit
Expense
Chart of accounts
Equity
80
Obligation owed to another like loans/mortgages
Liability
Net income
Equity
Expense
81
Cost to bring item into hospital
Carry cost
Independent cost
Opportunity cost
Ordering cost
82
Analyzing results; essential to business growth/success & helps prevent unnoticed decline
Organizing
Planning
Directing
Evaluating