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5.0
HealthCare Finance Test 1 Recent Questions with
Detailed Verified Answers and Correct Answers
Already Graded A+
Q: Which of the following statements about finance, accounting, and
financial management is most correct?
Ans: the primary role of finance is to plan for, acquire, and use resources to
maximize the efficiency (and value) of the enterprise
Q: which of the following is not a finance activity?
Ans: facilities management
Q: which of the following statements about the finance
departments of large healthcare organizations are most correct?
Ans: all of the statements are correct
- the department is headed by the chief financial officer
- the CFO typically reports directly to the CEO
- the CFO usually is assisted by a comptroller and a treasurer
- the comptroller and treasure often have managers under the responsible
for specific functions, such as patient accounts management and cash
management
Q: which of the following statements about hospitals is most
correct?
Ans: the majority of hospitals are public or not for profit (as opposed to
investor owned)
Sunday, 02 March 2025
,Q: Which of the following statements about healthcare providers is
incorrect?
Ans: there are many more hospitals than there are nursing homes, but
nursing homes tend to have a greater number of beds
Q: in the united states, the highest proportion of healthcare
expenditures is for
Ans: hospital care
Q: which of the following statements about regulatory and legal
issues is most correct
Ans: most providers primary legal concern is professional liability
Q: recent surveys of members of the American College of
Healthcare Executives and Healthcare Financial Management
Association indicate several critical concerns and challenges, Which of
the following concerns did they identify?
Ans: - answers a & b
- adequate reimbursement from government payers
- balancing clinical and financial issues
Q: The four Cs (character, capability, charisma, and courtesy) as
described in the textbook summarize the attributes needed to be a
good financial manager
Examstudy - Stuvia US
, Ans: false
Q: The role of finance in healthcare organizations has increased in
importance over time because the finance function must support a
multitude of activities, such as cost containment, payer negotiations,
and joint venture activities
Ans: true
Q: many studies have demonstrated the integrated delivery systems
are able to provide higher-quality care at lower cost than can stand-
alone specialized provided organizations
Ans: false
Q: which of the following activities are characteristic of businesses?
Ans: -all of the above
-raising money in the capital markets
-using money raised to purchase assets, such as land, buildings, and
equipment
- using the purchased assets to create goods or services
- sustaining themselves financially by selling their goods or services
Q: which of the following statements about the legal forms of for-
profit business organization is most correct?
Ans: corporations have the advantage of limited liability to owners
Examstudy - Stuvia US
In today's fast-paced educational landscape, students need reliable resources to excel in their studies.
5.0
HealthCare Finance Test 1 Recent Questions with
Detailed Verified Answers and Correct Answers
Already Graded A+
Q: Which of the following statements about finance, accounting, and
financial management is most correct?
Ans: the primary role of finance is to plan for, acquire, and use resources to
maximize the efficiency (and value) of the enterprise
Q: which of the following is not a finance activity?
Ans: facilities management
Q: which of the following statements about the finance
departments of large healthcare organizations are most correct?
Ans: all of the statements are correct
- the department is headed by the chief financial officer
- the CFO typically reports directly to the CEO
- the CFO usually is assisted by a comptroller and a treasurer
- the comptroller and treasure often have managers under the responsible
for specific functions, such as patient accounts management and cash
management
Q: which of the following statements about hospitals is most
correct?
Ans: the majority of hospitals are public or not for profit (as opposed to
investor owned)
Sunday, 02 March 2025
,Q: Which of the following statements about healthcare providers is
incorrect?
Ans: there are many more hospitals than there are nursing homes, but
nursing homes tend to have a greater number of beds
Q: in the united states, the highest proportion of healthcare
expenditures is for
Ans: hospital care
Q: which of the following statements about regulatory and legal
issues is most correct
Ans: most providers primary legal concern is professional liability
Q: recent surveys of members of the American College of
Healthcare Executives and Healthcare Financial Management
Association indicate several critical concerns and challenges, Which of
the following concerns did they identify?
Ans: - answers a & b
- adequate reimbursement from government payers
- balancing clinical and financial issues
Q: The four Cs (character, capability, charisma, and courtesy) as
described in the textbook summarize the attributes needed to be a
good financial manager
Examstudy - Stuvia US
, Ans: false
Q: The role of finance in healthcare organizations has increased in
importance over time because the finance function must support a
multitude of activities, such as cost containment, payer negotiations,
and joint venture activities
Ans: true
Q: many studies have demonstrated the integrated delivery systems
are able to provide higher-quality care at lower cost than can stand-
alone specialized provided organizations
Ans: false
Q: which of the following activities are characteristic of businesses?
Ans: -all of the above
-raising money in the capital markets
-using money raised to purchase assets, such as land, buildings, and
equipment
- using the purchased assets to create goods or services
- sustaining themselves financially by selling their goods or services
Q: which of the following statements about the legal forms of for-
profit business organization is most correct?
Ans: corporations have the advantage of limited liability to owners
Examstudy - Stuvia US
