Page 1 of 59
“FINANCIAL MANAGEMENT EXAM 2025 “ NEWEST UPDATED EXAM 2025 – 2026
SOLVED QUESTIONS & ANSWERS VERIFIED 100% GRADED A+ (LATEST VERSION)
WELL REVISED AND HIGHLY RECOMMENDALE| ALREADY PASSED!!
financial management exam
Which of the following is included in strategic planning
A. Developing Policies And Procedures?
B. Measuring Results
C. Setting Priorities
D. Marketing The Facility
C. Setting Priorities
Which of the following is true about a leader with a bureaucratic style of
management?
A. They Rely On Rules and Regulation
B. They Rely On Others
C. They Provide Little Input
D. They Limit Input From Others
D. They Limit Input From Others
Which of the following reports best summarizes a facility's financial
performance over a thirty day period of time?
A. Balance Sheet
B. Income Statement
C. Audit Statement
D. Statement Of Net Worth
B. Income Statement
The facility's possession to cash within 12 months is called?
A. Current Asset
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B. Non-Current Asset
C. Benefit
D. Long Term Asset
A. Current Asset
Overtime wages for non exempt employees are payable after?
A. Twelve Hours Of Work In The Work Day
B. Eight Hours Of Work In The Work Day
C. Thirty Hours Of Work In The Work Week
D. Forty Hours Of Work In The Work Week
D. Forty Hours Of Work In The Work Week
What is the primary purpose of the generally accepted accounting principles?
A. To Guarantee Honesty Among Providers
B. To Maximize Comparability Of Financial Statements
C. To Create A Single View Among Financial Managers
D. To Protect The Owners From Malfeasance
B. To Maximize Comparability Of Financial Statements
If an employee gives a two week notice of intents to quit, but the employer let
her/him go earlier, then the employer is?
A. Obligated To Pay For The Full Two Weeks
B. Only Obligated To Pay When The Employee's Notice Was Given
C. Only Obligated To Pay The Time Worked
D. Must Allow The Employee To Complete The Two Weeks Notice
C. Only Obligated To Pay The Time Worked
The_______________ is the amount Medicaid allows each person to retain
each month.
A. Food Allowance
B. Medicaid Allowance
C. Monthly Co-payment
D. Personal Allowance
B. Medicaid Allowance
Where are FICA withholdings paid into?
A. Medicaid Only
B. Medicare Only
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C. Social Security
D. Federal Unemployment Insurance Fund
C. Social Security
According to GAAP (Generally Accepted Accounting Principle). net income
means?
A. Total Debits Are Equal To Total Credits
B. Revenue Less Expenses Equals Profit
C. Taxes Can Be Filed
D. Audit Would Be Finalized
B. Revenue Less Expenses Equals Profit
What type of accounting system is it when revenues are recorded when they
are earned and expenses when they are incurred, regardless at the time cash
transactions take place in?
A. Accrual Accounting
B. Payable Accounting
C. Cash Accounting
D. Receivable Accounting
A. Accrual Accounting
The report that best summarizes a facility financial performance over a thirty
day period of time is the.
A. Income Statement
B. Balance Sheet
C. Audit Statement
D. Statement Of Net Worth
A. Income Statement
Which of the following forms is completed by the employer to know how much
money federal taxes are being withheld from an employee's paychecks?
A. W-2
B. W-4
C. I-9
D. 1099
B. W-4
How much notice should an employee give when changing jobs?
A. Two Days
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B. Two Hours
C. Two Calendar Days
D. Two Weeks
D. Two Weeks
The amount of jobs related orientation that is required before an employee is
allowed to provide unsupervised direct care is
A. 10 Hours
B. 24 Hours
C. 8 Hours
D. 12 Hours
A. 10 Hours
In a facility having high fixed costs, the pressure to keep beds filled is
A. about the same as in a facility with low fixed costs
B. higher than in a facility with low fixed costs
C. more moderate than in a facility with low fixed costs
D. lower than in a facility with low fixed costs
B. higher than in a facility with low fixed costs
An example of revenue is
A. Receivable
B. Payable
C. Budget
D. Liabilities
A. Receivable
What are gross wages?
A. The salary after taxes
B. The Income tax reporting
C. The total amount of income
D. The total amount of deductions
C. The total amount of income
The democratic management style means everyone, including_________, has
the opportunity to contribute ideas to decisions being made by the company.
A. The children of the owner
B. The vendors
“FINANCIAL MANAGEMENT EXAM 2025 “ NEWEST UPDATED EXAM 2025 – 2026
SOLVED QUESTIONS & ANSWERS VERIFIED 100% GRADED A+ (LATEST VERSION)
WELL REVISED AND HIGHLY RECOMMENDALE| ALREADY PASSED!!
financial management exam
Which of the following is included in strategic planning
A. Developing Policies And Procedures?
B. Measuring Results
C. Setting Priorities
D. Marketing The Facility
C. Setting Priorities
Which of the following is true about a leader with a bureaucratic style of
management?
A. They Rely On Rules and Regulation
B. They Rely On Others
C. They Provide Little Input
D. They Limit Input From Others
D. They Limit Input From Others
Which of the following reports best summarizes a facility's financial
performance over a thirty day period of time?
A. Balance Sheet
B. Income Statement
C. Audit Statement
D. Statement Of Net Worth
B. Income Statement
The facility's possession to cash within 12 months is called?
A. Current Asset
, Page 2 of 59
B. Non-Current Asset
C. Benefit
D. Long Term Asset
A. Current Asset
Overtime wages for non exempt employees are payable after?
A. Twelve Hours Of Work In The Work Day
B. Eight Hours Of Work In The Work Day
C. Thirty Hours Of Work In The Work Week
D. Forty Hours Of Work In The Work Week
D. Forty Hours Of Work In The Work Week
What is the primary purpose of the generally accepted accounting principles?
A. To Guarantee Honesty Among Providers
B. To Maximize Comparability Of Financial Statements
C. To Create A Single View Among Financial Managers
D. To Protect The Owners From Malfeasance
B. To Maximize Comparability Of Financial Statements
If an employee gives a two week notice of intents to quit, but the employer let
her/him go earlier, then the employer is?
A. Obligated To Pay For The Full Two Weeks
B. Only Obligated To Pay When The Employee's Notice Was Given
C. Only Obligated To Pay The Time Worked
D. Must Allow The Employee To Complete The Two Weeks Notice
C. Only Obligated To Pay The Time Worked
The_______________ is the amount Medicaid allows each person to retain
each month.
A. Food Allowance
B. Medicaid Allowance
C. Monthly Co-payment
D. Personal Allowance
B. Medicaid Allowance
Where are FICA withholdings paid into?
A. Medicaid Only
B. Medicare Only
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C. Social Security
D. Federal Unemployment Insurance Fund
C. Social Security
According to GAAP (Generally Accepted Accounting Principle). net income
means?
A. Total Debits Are Equal To Total Credits
B. Revenue Less Expenses Equals Profit
C. Taxes Can Be Filed
D. Audit Would Be Finalized
B. Revenue Less Expenses Equals Profit
What type of accounting system is it when revenues are recorded when they
are earned and expenses when they are incurred, regardless at the time cash
transactions take place in?
A. Accrual Accounting
B. Payable Accounting
C. Cash Accounting
D. Receivable Accounting
A. Accrual Accounting
The report that best summarizes a facility financial performance over a thirty
day period of time is the.
A. Income Statement
B. Balance Sheet
C. Audit Statement
D. Statement Of Net Worth
A. Income Statement
Which of the following forms is completed by the employer to know how much
money federal taxes are being withheld from an employee's paychecks?
A. W-2
B. W-4
C. I-9
D. 1099
B. W-4
How much notice should an employee give when changing jobs?
A. Two Days
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B. Two Hours
C. Two Calendar Days
D. Two Weeks
D. Two Weeks
The amount of jobs related orientation that is required before an employee is
allowed to provide unsupervised direct care is
A. 10 Hours
B. 24 Hours
C. 8 Hours
D. 12 Hours
A. 10 Hours
In a facility having high fixed costs, the pressure to keep beds filled is
A. about the same as in a facility with low fixed costs
B. higher than in a facility with low fixed costs
C. more moderate than in a facility with low fixed costs
D. lower than in a facility with low fixed costs
B. higher than in a facility with low fixed costs
An example of revenue is
A. Receivable
B. Payable
C. Budget
D. Liabilities
A. Receivable
What are gross wages?
A. The salary after taxes
B. The Income tax reporting
C. The total amount of income
D. The total amount of deductions
C. The total amount of income
The democratic management style means everyone, including_________, has
the opportunity to contribute ideas to decisions being made by the company.
A. The children of the owner
B. The vendors
