, TESTBANK FOR Baker's Health Care Finance Basic Tools for Nonfinancial
Managers Sixth Edition Ross
Important Notes
The file includes the complete test bank, organized chapter by chapter.
A sample of selected pages has been provided for preview.
All available appendices and Excel files (if included in the original resources) are
provided.
Quizzes, Midterm and final exams are included (if available in the original resources).
We continuously update our files to ensure you receive the latest and most accurate
editions.
New editions are added regularly – stay connected for updates!
⚠️Note on Answer Keys: If the answer key is not included within the chapter
questions, you will find the complete answers and solutions at the end of each
chapter.
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,Import Settings:
Base Settings: Brownstone Default
Information Field: Complexity
Information Field: Ahead
Information Field: Subject
Information Field: Title
Highest Answer Letter: E
Multiple Keywords in Same Paragraph: No
NAS ISBN13: 9781284233186, add to Ahead, Title tags
Chapter: Chapter 01 - Test Bank
Multiple Choice
1. In the United States from 2009 through 2018:
A) national health expenditures as a percent of gross domestic product and per capita national
expenditures have increased.
B) national health expenditures as a percent of gross domestic product have remained relatively constant
while per capita national health expenditures have increased.
C) national health expenditures as a percent of gross domestic product have increased while per capita
national health expenditures have remained relatively constant.
D) national health expenditures as a percent of gross domestic product and per capita national
expenditures have remained relatively constant.
Ans: B
Complexity: Moderate
Ahead: Viewpoints
Subject: Chapter 1
Title: Introduction to Healthcare Finance
2. In the United States from 2000 through 2017:
A) life expectancy and infant mortality rates have improved.
B) life expectancy has remained relatively constant while infant mortality rates have improved.
C) life expectancy has improved while infant mortality rates have remained relatively constant.
D) life expectancy and infant mortality rates have remained relatively constant.
Ans: B
Complexity: Moderate
Ahead: Viewpoints
Subject: Chapter 1
Title: Introduction to Healthcare Finance
3. Clinical managers are responsible for:
A) financial, planning, and human resource functions.
B) nursing and ancillary services.
C) housekeeping, maintenance, and materials management.
D) groundskeeping, nutrition, and legal affairs.
Ans: B
,Complexity: Easy
Ahead: The Elements of Management
Subject: Chapter 1
Title: Introduction to Healthcare Finance
4. The four elements of management are:
A) planning, organizing, decision-making, and controlling.
B) planning, organizing, decision-making, and evaluating.
C) planning, organizing, controlling, and evaluating.
D) planning, decision-making, controlling, and evaluating.
Ans: C
Complexity: Moderate
Ahead: The Organization’s Structure
Subject: Chapter 1
Title: Introduction to Healthcare Finance
5. The controlling and directing function of management involves:
A) choosing among available alternatives (i.e., setting goals).
B) choosing how goals will be accomplished (i.e., identifying needed resources).
C) ensuring plans are followed and taking action when expectations are not met.
D) assessing how successful managers were meeting organizational goals.
Ans: C
Complexity: Moderate
Ahead: The Organization’s Structure
Subject: Chapter 1
Title: Introduction to Healthcare Finance
6. The basic types of healthcare organizations may be described as:
A) for-profit.
B) nonprofit.
C) foundations that comply with all legal requirements.
D) for-profit and nonprofit.
E) None of these is correct.
Ans: D
Complexity: Easy
Ahead: Two Types of Accounting
Subject: Chapter 1
Title: Introduction to Healthcare Finance
7. Proprietary entity subgroups include:
A) voluntary entities.
B) government entities.
C) entities that pay no income tax.
D) None of these is correct.
Ans: D
Complexity: Easy
Ahead: Two Types of Accounting
Subject: Chapter 1
,Title: Introduction to Healthcare Finance
8. The purpose of an organization chart includes:
A) indicating how responsibility is assigned to managers.
B) illustrating the structure of the organization.
C) designating the formal lines of communication between external stakeholders.
D) indicating how responsibility is assigned to managers and illustrating the structure of the organization.
E) All of these are correct.
Ans: D
Complexity: Moderate
Ahead: Two Types of Accounting
Subject: Chapter 1
Title: Introduction to Healthcare Finance
9. Which of the following describes the composition of an organization chart?
A) Each box on the chart represents a particular area of management responsibility.
B) Each line between the boxes represents a line of authority.
C) The overall composition of the chart shows the degree of centralization or decentralization within the
organization.
D) All of these are correct.
Ans: D
Complexity: Easy
Ahead: Two Types of Accounting
Subject: Chapter 1
Title: Introduction to Healthcare Finance
10. Which of the following is not a managerial accounting function?
A) Pricing of services
B) Reporting the profitability of services
C) Reporting to government agencies, health plans, and stockholders (when a for-profit organization)
D) Strategic planning
Ans: C
Complexity: Moderate
Ahead: Two Types of Accounting
Subject: Chapter 1
Title: Introduction to Healthcare Finance
True/False
1. True or False? National Health Expenditures as a percent of gross domestic product have increased
continuously since 2009.
Ans: False
Complexity: Moderate
Ahead: Viewpoints
Subject: Chapter 1
Title: Introduction to Healthcare Finance
,2. True or False? Per Capita National Health Expenditures have increased continuously since 2009.
Ans: True
Complexity: Moderate
Ahead: Viewpoints
Subject: Chapter 1
Title: Introduction to Healthcare Finance
3. True or False? Healthcare employment has grown faster than total employment since 2009 and is
expected to continue to grow faster through 2029.
Ans: True
Complexity: Moderate
Ahead: Viewpoints
Subject: Chapter 1
Title: Introduction to Healthcare Finance
4. True or False? Healthcare employment has grown faster than total employment since 2009 and is
expected to grow at the same rate as total employment from 2019 through 2029.
Ans: False
Complexity: Moderate
Ahead: Viewpoints
Subject: Chapter 1
Title: Introduction to Healthcare Finance
5. True or False? Infant mortality rates in the United States have improved since 1990.
Ans: True
Complexity: Moderate
Ahead: Viewpoints
Subject: Chapter 1
Title: Introduction to Healthcare Finance
6. True or False? The United States has seen no improvement in infant mortality rates or life expectancy
since 1990.
Ans: False
Complexity: Moderate
Ahead: Viewpoints
Subject: Chapter 1
Title: Introduction to Healthcare Finance
7. True or False? Managers within healthcare organizations must have one of two views: either financial
or process.
Ans: False
Complexity: Moderate
Ahead: The Elements of Management
,Subject: Chapter 1
Title: Introduction to Healthcare Finance
8. True or False? Much of the strategic planning for the organization is performed by managers with a
financial view of the organization.
Ans: True
Complexity: Moderate
Ahead: The Elements of Management
Subject: Chapter 1
Title: Introduction to Healthcare Finance
9. True or False? The healthcare industry’s essential business is the delivery of healthcare services.
Ans: True
Complexity: Easy
Ahead: The Organization’s Structure
Subject: Chapter 1
Title: Introduction to Healthcare Finance
10. True or False? Government organization types may include federal, city-county, churches, and/or
state universities.
Ans: False
Complexity: Easy
Ahead: Two Types of Accounting
Subject: Chapter 1
Title: Introduction to Healthcare Finance
11. True or False? The purpose of an organization chart is to indicate how responsibility is assigned to
managers and to certain outside third parties.
Ans: False
Complexity: Moderate
Ahead: Two Types of Accounting
Subject: Chapter 1
Title: Introduction to Healthcare Finance
12. True or False? Managerial accounting is primarily for third-party or outside use.
Ans: False
Complexity: Easy
Ahead: Two Types of Accounting
Subject: Chapter 1
Title: Introduction to Healthcare Finance
13. True or False? Managerial accounting is prospective as well as retrospective.
Ans: True
Complexity: Easy
,Ahead: Two Types of Accounting
Subject: Chapter 1
Title: Introduction to Healthcare Finance
14. True or False? Of the four elements of financial management, the planning element makes sure each
area of the organization is following the plans that have been established.
Ans: False
Complexity: Moderate
Ahead: Two Types of Accounting
Subject: Chapter 1
Title: Introduction to Healthcare Finance
15. True or False? The goal of financial managerial accounting can be summarized as ensuring that an
organization’s revenues exceed its expenses.
Ans: True
Complexity: Easy
Ahead: Two Types of Accounting
Subject: Chapter 1
Title: Introduction to Healthcare Finance
,Import Settings:
Base Settings: Brownstone Default
Information Field: Complexity
Information Field: Ahead
Information Field: Subject
Information Field: Title
Highest Answer Letter: E
Multiple Keywords in Same Paragraph: No
NAS ISBN13: 9781284233186, add to Ahead, Title tags
Chapter: Chapter 02 - Test Bank
Multiple Choice
1. What part of the financial system gathers data?
A) The original records
B) The information system
C) The accounting system
D) The reporting system
Ans: B
Complexity: Easy
Ahead: The Information Flow
Subject: Chapter 2
Title: Five Things the Healthcare Manager Needs to Know About Financial Management Systems
2. The role of the accounting system in the financial system is to:
A) provide evidence that an economic transaction has occurred.
B) gather data.
C) organize the data according to accounting principles.
D) summarize and report financial information.
E) All of these are correct.
Ans: C
Complexity: Easy
Ahead: The Information Flow
Subject: Chapter 2
Title: Five Things the Healthcare Manager Needs to Know About Financial Management Systems
3. The concept of flowsheets explains and illustrates the flow of:
A) activities.
B) accounts receivable.
C) accounts payable.
D) All of these are correct.
Ans: A
Complexity: Easy
Ahead: Basic System Elements
Subject: Chapter 2
, Title: Five Things the Healthcare Manager Needs to Know About Financial Management Systems
4. By illustrating information flow, flowsheets answer which of the following questions?
A) What is the specific piece of information?
B) Who is initially responsible for this piece of information?
C) How does the information enter the system?
D) All of these are correct.
Ans: D
Complexity: Easy
Ahead: Basic System Elements
Subject: Chapter 2
Title: Five Things the Healthcare Manager Needs to Know About Financial Management Systems
5. When a patient information flowsheet illustrates the flow resulting from deficient data, which of these
causes or consequences may apply?
A) One cause may be a bad address on the billing statement.
B) One consequence is that the payer rejects the bill.
C) One consequence is that the provider does not receive payment.
D) A good financial manager may recognize the significance of this flow and correct the cause.
E) All of these are correct.
Ans: E
Complexity: Moderate
Ahead: Basic System Elements
Subject: Chapter 2
Title: Five Things the Healthcare Manager Needs to Know About Financial Management Systems
6. Joseph, an RN in the emergency room of Sample Hospital, begins his Saturday night shift by punching
his time card into the machine by the employee entrance. From what you understand about the four
segments that make a healthcare system work, where does Joseph’s time card belong?
A) In the original records segment
B) In the information system segment
C) In the accounting system segment
D) In the reporting system segment
E) None of these is correct.
Ans: A
Complexity: Difficult
Ahead: Basic System Elements
Subject: Chapter 2
Title: Five Things the Healthcare Manager Needs to Know About Financial Management Systems
7. Mountain View Nursing Facility uses a chart of accounts format that is made up of three sets of digits.
The first set of digits represents the financial statement element, the second is for a primary
subclassification, and the third is for a secondary subclassification. To which of these three sets of digits
would “Petty cash for the front office” belong?
A) Financial statement element
B) Primary subclassification
C) Secondary subclassification
D) None of these is correct.
Managers Sixth Edition Ross
Important Notes
The file includes the complete test bank, organized chapter by chapter.
A sample of selected pages has been provided for preview.
All available appendices and Excel files (if included in the original resources) are
provided.
Quizzes, Midterm and final exams are included (if available in the original resources).
We continuously update our files to ensure you receive the latest and most accurate
editions.
New editions are added regularly – stay connected for updates!
⚠️Note on Answer Keys: If the answer key is not included within the chapter
questions, you will find the complete answers and solutions at the end of each
chapter.
✅ Why Buy From Us?
📚 Complete & organized chapter-by-chapter – no missing content, no guessing.
⚡ Instant digital delivery – get your file the moment you pay, no waiting.
📅 Always up to date – we track new editions so you always get the latest version.
💬 Friendly support – real humans ready to help, anytime you need us.
🔒 Safe & secure – thousands of satisfied students trust us every semester.
🛡️Our Guarantees
💰 Money-Back Guarantee: Not satisfied? We offer a full refund – no questions asked.
🔄 Wrong File? No Problem: Contact us and we will replace it immediately with the
correct version, free of charge.
⏰ 24/7 Support: We are always here – reach out anytime and expect a fast response.
Contact Email:
,Import Settings:
Base Settings: Brownstone Default
Information Field: Complexity
Information Field: Ahead
Information Field: Subject
Information Field: Title
Highest Answer Letter: E
Multiple Keywords in Same Paragraph: No
NAS ISBN13: 9781284233186, add to Ahead, Title tags
Chapter: Chapter 01 - Test Bank
Multiple Choice
1. In the United States from 2009 through 2018:
A) national health expenditures as a percent of gross domestic product and per capita national
expenditures have increased.
B) national health expenditures as a percent of gross domestic product have remained relatively constant
while per capita national health expenditures have increased.
C) national health expenditures as a percent of gross domestic product have increased while per capita
national health expenditures have remained relatively constant.
D) national health expenditures as a percent of gross domestic product and per capita national
expenditures have remained relatively constant.
Ans: B
Complexity: Moderate
Ahead: Viewpoints
Subject: Chapter 1
Title: Introduction to Healthcare Finance
2. In the United States from 2000 through 2017:
A) life expectancy and infant mortality rates have improved.
B) life expectancy has remained relatively constant while infant mortality rates have improved.
C) life expectancy has improved while infant mortality rates have remained relatively constant.
D) life expectancy and infant mortality rates have remained relatively constant.
Ans: B
Complexity: Moderate
Ahead: Viewpoints
Subject: Chapter 1
Title: Introduction to Healthcare Finance
3. Clinical managers are responsible for:
A) financial, planning, and human resource functions.
B) nursing and ancillary services.
C) housekeeping, maintenance, and materials management.
D) groundskeeping, nutrition, and legal affairs.
Ans: B
,Complexity: Easy
Ahead: The Elements of Management
Subject: Chapter 1
Title: Introduction to Healthcare Finance
4. The four elements of management are:
A) planning, organizing, decision-making, and controlling.
B) planning, organizing, decision-making, and evaluating.
C) planning, organizing, controlling, and evaluating.
D) planning, decision-making, controlling, and evaluating.
Ans: C
Complexity: Moderate
Ahead: The Organization’s Structure
Subject: Chapter 1
Title: Introduction to Healthcare Finance
5. The controlling and directing function of management involves:
A) choosing among available alternatives (i.e., setting goals).
B) choosing how goals will be accomplished (i.e., identifying needed resources).
C) ensuring plans are followed and taking action when expectations are not met.
D) assessing how successful managers were meeting organizational goals.
Ans: C
Complexity: Moderate
Ahead: The Organization’s Structure
Subject: Chapter 1
Title: Introduction to Healthcare Finance
6. The basic types of healthcare organizations may be described as:
A) for-profit.
B) nonprofit.
C) foundations that comply with all legal requirements.
D) for-profit and nonprofit.
E) None of these is correct.
Ans: D
Complexity: Easy
Ahead: Two Types of Accounting
Subject: Chapter 1
Title: Introduction to Healthcare Finance
7. Proprietary entity subgroups include:
A) voluntary entities.
B) government entities.
C) entities that pay no income tax.
D) None of these is correct.
Ans: D
Complexity: Easy
Ahead: Two Types of Accounting
Subject: Chapter 1
,Title: Introduction to Healthcare Finance
8. The purpose of an organization chart includes:
A) indicating how responsibility is assigned to managers.
B) illustrating the structure of the organization.
C) designating the formal lines of communication between external stakeholders.
D) indicating how responsibility is assigned to managers and illustrating the structure of the organization.
E) All of these are correct.
Ans: D
Complexity: Moderate
Ahead: Two Types of Accounting
Subject: Chapter 1
Title: Introduction to Healthcare Finance
9. Which of the following describes the composition of an organization chart?
A) Each box on the chart represents a particular area of management responsibility.
B) Each line between the boxes represents a line of authority.
C) The overall composition of the chart shows the degree of centralization or decentralization within the
organization.
D) All of these are correct.
Ans: D
Complexity: Easy
Ahead: Two Types of Accounting
Subject: Chapter 1
Title: Introduction to Healthcare Finance
10. Which of the following is not a managerial accounting function?
A) Pricing of services
B) Reporting the profitability of services
C) Reporting to government agencies, health plans, and stockholders (when a for-profit organization)
D) Strategic planning
Ans: C
Complexity: Moderate
Ahead: Two Types of Accounting
Subject: Chapter 1
Title: Introduction to Healthcare Finance
True/False
1. True or False? National Health Expenditures as a percent of gross domestic product have increased
continuously since 2009.
Ans: False
Complexity: Moderate
Ahead: Viewpoints
Subject: Chapter 1
Title: Introduction to Healthcare Finance
,2. True or False? Per Capita National Health Expenditures have increased continuously since 2009.
Ans: True
Complexity: Moderate
Ahead: Viewpoints
Subject: Chapter 1
Title: Introduction to Healthcare Finance
3. True or False? Healthcare employment has grown faster than total employment since 2009 and is
expected to continue to grow faster through 2029.
Ans: True
Complexity: Moderate
Ahead: Viewpoints
Subject: Chapter 1
Title: Introduction to Healthcare Finance
4. True or False? Healthcare employment has grown faster than total employment since 2009 and is
expected to grow at the same rate as total employment from 2019 through 2029.
Ans: False
Complexity: Moderate
Ahead: Viewpoints
Subject: Chapter 1
Title: Introduction to Healthcare Finance
5. True or False? Infant mortality rates in the United States have improved since 1990.
Ans: True
Complexity: Moderate
Ahead: Viewpoints
Subject: Chapter 1
Title: Introduction to Healthcare Finance
6. True or False? The United States has seen no improvement in infant mortality rates or life expectancy
since 1990.
Ans: False
Complexity: Moderate
Ahead: Viewpoints
Subject: Chapter 1
Title: Introduction to Healthcare Finance
7. True or False? Managers within healthcare organizations must have one of two views: either financial
or process.
Ans: False
Complexity: Moderate
Ahead: The Elements of Management
,Subject: Chapter 1
Title: Introduction to Healthcare Finance
8. True or False? Much of the strategic planning for the organization is performed by managers with a
financial view of the organization.
Ans: True
Complexity: Moderate
Ahead: The Elements of Management
Subject: Chapter 1
Title: Introduction to Healthcare Finance
9. True or False? The healthcare industry’s essential business is the delivery of healthcare services.
Ans: True
Complexity: Easy
Ahead: The Organization’s Structure
Subject: Chapter 1
Title: Introduction to Healthcare Finance
10. True or False? Government organization types may include federal, city-county, churches, and/or
state universities.
Ans: False
Complexity: Easy
Ahead: Two Types of Accounting
Subject: Chapter 1
Title: Introduction to Healthcare Finance
11. True or False? The purpose of an organization chart is to indicate how responsibility is assigned to
managers and to certain outside third parties.
Ans: False
Complexity: Moderate
Ahead: Two Types of Accounting
Subject: Chapter 1
Title: Introduction to Healthcare Finance
12. True or False? Managerial accounting is primarily for third-party or outside use.
Ans: False
Complexity: Easy
Ahead: Two Types of Accounting
Subject: Chapter 1
Title: Introduction to Healthcare Finance
13. True or False? Managerial accounting is prospective as well as retrospective.
Ans: True
Complexity: Easy
,Ahead: Two Types of Accounting
Subject: Chapter 1
Title: Introduction to Healthcare Finance
14. True or False? Of the four elements of financial management, the planning element makes sure each
area of the organization is following the plans that have been established.
Ans: False
Complexity: Moderate
Ahead: Two Types of Accounting
Subject: Chapter 1
Title: Introduction to Healthcare Finance
15. True or False? The goal of financial managerial accounting can be summarized as ensuring that an
organization’s revenues exceed its expenses.
Ans: True
Complexity: Easy
Ahead: Two Types of Accounting
Subject: Chapter 1
Title: Introduction to Healthcare Finance
,Import Settings:
Base Settings: Brownstone Default
Information Field: Complexity
Information Field: Ahead
Information Field: Subject
Information Field: Title
Highest Answer Letter: E
Multiple Keywords in Same Paragraph: No
NAS ISBN13: 9781284233186, add to Ahead, Title tags
Chapter: Chapter 02 - Test Bank
Multiple Choice
1. What part of the financial system gathers data?
A) The original records
B) The information system
C) The accounting system
D) The reporting system
Ans: B
Complexity: Easy
Ahead: The Information Flow
Subject: Chapter 2
Title: Five Things the Healthcare Manager Needs to Know About Financial Management Systems
2. The role of the accounting system in the financial system is to:
A) provide evidence that an economic transaction has occurred.
B) gather data.
C) organize the data according to accounting principles.
D) summarize and report financial information.
E) All of these are correct.
Ans: C
Complexity: Easy
Ahead: The Information Flow
Subject: Chapter 2
Title: Five Things the Healthcare Manager Needs to Know About Financial Management Systems
3. The concept of flowsheets explains and illustrates the flow of:
A) activities.
B) accounts receivable.
C) accounts payable.
D) All of these are correct.
Ans: A
Complexity: Easy
Ahead: Basic System Elements
Subject: Chapter 2
, Title: Five Things the Healthcare Manager Needs to Know About Financial Management Systems
4. By illustrating information flow, flowsheets answer which of the following questions?
A) What is the specific piece of information?
B) Who is initially responsible for this piece of information?
C) How does the information enter the system?
D) All of these are correct.
Ans: D
Complexity: Easy
Ahead: Basic System Elements
Subject: Chapter 2
Title: Five Things the Healthcare Manager Needs to Know About Financial Management Systems
5. When a patient information flowsheet illustrates the flow resulting from deficient data, which of these
causes or consequences may apply?
A) One cause may be a bad address on the billing statement.
B) One consequence is that the payer rejects the bill.
C) One consequence is that the provider does not receive payment.
D) A good financial manager may recognize the significance of this flow and correct the cause.
E) All of these are correct.
Ans: E
Complexity: Moderate
Ahead: Basic System Elements
Subject: Chapter 2
Title: Five Things the Healthcare Manager Needs to Know About Financial Management Systems
6. Joseph, an RN in the emergency room of Sample Hospital, begins his Saturday night shift by punching
his time card into the machine by the employee entrance. From what you understand about the four
segments that make a healthcare system work, where does Joseph’s time card belong?
A) In the original records segment
B) In the information system segment
C) In the accounting system segment
D) In the reporting system segment
E) None of these is correct.
Ans: A
Complexity: Difficult
Ahead: Basic System Elements
Subject: Chapter 2
Title: Five Things the Healthcare Manager Needs to Know About Financial Management Systems
7. Mountain View Nursing Facility uses a chart of accounts format that is made up of three sets of digits.
The first set of digits represents the financial statement element, the second is for a primary
subclassification, and the third is for a secondary subclassification. To which of these three sets of digits
would “Petty cash for the front office” belong?
A) Financial statement element
B) Primary subclassification
C) Secondary subclassification
D) None of these is correct.
