1. Name the 5 management functions discussed in class.

POSDC : Planning, Organizing, Staffing, Directing, and Controlling

2. Explain why healthcare organizations hold cash and marketable securities.

3. Define Accounts Payable.

4. What are the 7 steps in the A/R Cycle

5. Explain management of Working Capital and why it is important.

6. Describe 3 approaches to manage/slow the A/P cycle.

7. Explain Safety of Principal and what investment vehicles offer relative Safety of Principal.

8. Explain lost charges.

9. Explain how healthcare organizations deal with emergency replacement of capital items.

10. Explain the terms wire transfer and lock box.