QUESTION: 101 Exam Topic: 2, Volume B

A health plan can use a SWOT (strengths, weaknesses, opportunities, and threats) analysis to analyze its relationships with the major providers in each market in which it conducts business.

True
False

Answer(s): A

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QUESTION: 102 Exam Topic: 2, Volume B

The Column health plan is in the process of developing a strategic plan.

The following statements are about this strategic plan. Three of the statements are true, and one statement is false. Select the answer choice containing the FALSE statement.

Human resources most likely will be a critical component of Column's strategic plan because, in health plan markets, the size and the quality of a health plan's provider network is often more important to customers than are the details of a product's benefit design.
Column's strategic plan should only address how the health plan will differentiate its products, rather than where and how it will sell these products.
Column most likely will need to develop contingency plans to address the need to make adjustments to its original strategic plan.
Column's information technology (IT) strategy most likely will be a critical element in successfully implementing the health plan's strategic plan.

Answer(s): B

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QUESTION: 103 Exam Topic: 2, Volume B

If the operational budget prepared by the Satilla health plan is typical of most operational budgets, then

Its purpose is to track Satilla's operations and short-term profitability
The key information source for this operational budget is Satilla's external environment
The time frame for this operational budget is three to five years
Its focus is on the threats that Satilla faces from its external environment

Answer(s): A

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QUESTION: 104 Exam Topic: 2, Volume B

The Coral Health Plan, a for-profit health plan, has two sources of capital:

Debt and equity. With regard to these sources of capital, it can correctly be stated that

Coral's equity holders have an ownership interest in the health plan
The interest that Coral pays on its debt most likely is not tax deductible to Coral
Coral's debt holders have no legal claim to Coral's assets
Equity is a more risky source of capital, from Coral's perspective, than is debt

Answer(s): A

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QUESTION: 101 Exam Topic: 2, Volume B

QUESTION: 102 Exam Topic: 2, Volume B

QUESTION: 103 Exam Topic: 2, Volume B

QUESTION: 104 Exam Topic: 2, Volume B