WGU C428 PRE-ASSESSMENT EXAM|| QUESTIONS & GRADED CORRECT
VERIFIEDANSWERS||100% CORRECT.
A medical center is expanding its hospital staff to accommodate the increasing number of
flu cases seen over the past weeks.
Which type of finance activity is described in this scenario?
Cost
Cash
Capital
Control -
Which role matches this description?
Controller
Treasurer
Staff accountant
Chief financial officer _
,What is the legal structure of hospitals that raise capital through these means?
Not-for-profit: to break even
For-profit: to maximize profits
, For-profit: to maximize shareholder value
Not-for-profit: to meet charitable purposes _
What will the bank decide about the secured loan?
The interest rate will be lower.
The interest rate will be higher.
The interest rate will be variable.
The interest rate will remain stable. _
How would the nature of this venture affect the interest rate that could be expected on
the loan?
A lower interest rate loan due to the organization's current assets
A higher interest rate loan due to the hospital's success rate
A lower interest rate loan due to the location of new site
A higher interest rate loan due to the alternative patient care _
A healthcare organization has the following financial information available in a balance sheet:
Assets:
Cash of $10,000
VERIFIEDANSWERS||100% CORRECT.
A medical center is expanding its hospital staff to accommodate the increasing number of
flu cases seen over the past weeks.
Which type of finance activity is described in this scenario?
Cost
Cash
Capital
Control -
Which role matches this description?
Controller
Treasurer
Staff accountant
Chief financial officer _
,What is the legal structure of hospitals that raise capital through these means?
Not-for-profit: to break even
For-profit: to maximize profits
, For-profit: to maximize shareholder value
Not-for-profit: to meet charitable purposes _
What will the bank decide about the secured loan?
The interest rate will be lower.
The interest rate will be higher.
The interest rate will be variable.
The interest rate will remain stable. _
How would the nature of this venture affect the interest rate that could be expected on
the loan?
A lower interest rate loan due to the organization's current assets
A higher interest rate loan due to the hospital's success rate
A lower interest rate loan due to the location of new site
A higher interest rate loan due to the alternative patient care _
A healthcare organization has the following financial information available in a balance sheet:
Assets:
Cash of $10,000
