HealthcareghnFinanceghn-
ghnCORRECTghnANSWER✔isghntheghnpracticeghnofghnfinance,ghnincluding ghnbo
thghnaccountingghnandghnfinancialghnmanagement,ghnwithinghnhealthghnservicesghn
(provider)ghnorganizations
Accountingghn-
ghnCORRECTghnANSWER✔concernsghntheghnmeasurement,ghninghnfinancialgh
n(dollar)ghnterms,ghnofghneventsghnthatghnreflect ghntheghnresources,ghnoperations, ghna
ndghnfinancingghnofghnanghnorganization
Financialghnmanagmentghn-
ghnCORRECTghnANSWER✔providesghntheghntheory,ghnconcepts,ghnandghntool
sghnnecessaryghntoghnhelpghnmanagersghnmakeghnbetterghnfinancialghndecisions
Businessghncharacteristicsghn-ghnCORRECTghnANSWER✔-
obtainsghnfinancingghnfromghntheghnmarketplace
-usesghntheghnfundsghntoghnbuyghnassets
-operatesghntheghnassetsghntoghnprovideghngoodsghnorghnservices
-sellsghntheghngoodsghnorghnservicesghntoghncreateghnrevenue
PureghnCharityghn-
ghnCORRECTghnANSWER✔refersghntoghnanghnundertakingghnforghnaghncharitabl
eghnpurposeghnonly.ghnTheghnreliefghnofghnpoverty,ghnadvancementghnofghneducatio
n,ghnadvancementghnofghnreligion,ghnpromotionghnofghnhealth,ghntheghnobtainingghn
, ofghngoodghngovernment,ghnandghntheghnaccomplishmentghnofghnthatghnwhichghnisghn
beneficialghntoghntheghncommunityghninghnanyghnotherghnrespectghnareghnpureghnchari
ties.
Primaryghnroleghnofghnfinanceghn-
ghnCORRECTghnANSWER✔isghntoghnplanghnfor,ghnacquire,ghnandghnutilizeghnres
ourcesghntoghnmaximizeghntheghnefficiencyghn(andghnhenceghnvalue)ghnofghntheghnent
erprise.
TheghnFourghnC'sghn-ghnCORRECTghnANSWER✔costghnminimization
cashghnsufficiency
capitalghnaccess
controlghnofghnfinancialghnresources
3ghncategoriesghnofghnbusinessghnorganizationsghn-
ghnCORRECTghnANSWER✔proprietorship, ghnpartnership,ghnandghncorporati
onghn(thereghnareghnalsoghnhybridghnforms)
AdvantagesghnofghnProprietorshipsghnandghnPartnershipsghn-
ghnCORRECTghnANSWER✔easeghnofghnformation,ghnsubjectghntoghnfewghnregul
ations,ghnandghnnoghncorporateghnincomeghntaxes.
Disadvantagesghntoghnproprietorshipsghnandghnpartnershipsghn-
ghnCORRECTghnANSWER✔limitedghnlife,ghndifficultghntoghntransferghnowners
hip,ghnunlimitedghnliability,ghndifficultghntoghnraiseghncapital