ACHE BOG Exam Sample Test -100 Questions and AnswersCEO Compensation should be based on:a. the compensation arrangement with prior CEOb. executive compensation in local corporations with similar gross revenuesc. present day salary plus cost-of living adjustmentd. what the institution would have to pay for a similarly prepared person if that person were employed elsewhere - ANSWER d. what the institution would have to pay for a similarly prepared person if that person were employed elsewhereAn essential function of the governing board is to:a. approve the mission, vision, and long-range planb. focus on strategic planningc. prepare the operating pland. review the performance of departmental managers - ANSWER a. approve the mission, vision, and long-range planThe key to enhancing board effectiveness is:a. getting the right people to serve on the boardb. supporting and selecting the right CEOc. orientating and training the CEOd. organizing the board's work - ANSWER d. organizing the board's workMembers of the medical staff are eligible for full membership on the governing board in the same manner as other individuals:a. when not legally prohibitedb. when they do not actively practice in the organizationc. when they are not full-time employeesd. if they are not foreign nationals - ANSWER a. when