ASHE Financial Stewardship in Healthcare 2

Question 1

Which financial metric best measures the efficiency of a healthcare facility's maintenance department by comparing actual costs to planned costs?

Accepted Answer

Budget Variance

Answer

Budget variance compares actual maintenance costs against planned/budgeted costs, directly measuring departmental financial efficiency.

Question 2

When evaluating energy retrofit projects, which analysis method accounts for the time value of money by discounting future cash flows?

Accepted Answer

Net Present Value (NPV)

Answer

NPV discounts all future cash flows to their present value, properly accounting for the time value of money in capital project evaluations.

Question 3

A hospital's Facility Condition Index (FCI) is calculated by dividing deferred maintenance costs by what figure?

Accepted Answer

Current replacement value of the facility

Answer

FCI = Deferred Maintenance Cost / Current Replacement Value; a higher FCI indicates poorer facility condition.

Question 4

Under a full-service (gross) lease for healthcare facility space, which party is responsible for paying operating expenses such as utilities and maintenance?

Accepted Answer

Landlord/lessor

Answer

In a full-service or gross lease, the landlord covers all operating expenses including utilities, taxes, and maintenance.

Question 5

Which cost accounting method allocates overhead costs to departments based on their proportional use of shared resources in a healthcare facility?

Accepted Answer

Activity-Based Costing (ABC)

Answer

Activity-Based Costing allocates overhead by identifying cost drivers and assigning costs based on actual resource consumption by each department.

(ASHE) American Society for Health Care Engineering Certified Practice Test

(ASHE) American Society for Health Care Engineering Certified Practice Test

ASHE Financial Stewardship in Healthcare 2