HCAD 760 MIDTERM questions with correct answers

1) policymaker or manager 2) type of healthcare organization - Answer definition of healthcare finance depends on the context of: health care finance - Answer the practice of finance, including both accounting & financial management, within health services (provider) organizations accounting - Answer measurement, in financial (dollar) terms, of events that reflect the resources, operations, & financing of an organization; external reports, taxes financial management - Answer theory, concepts, & tools necessary to help managers make better financial decisions; internal, improves organization's opportunities & efficiency No, both capture, measure, & use data, but with different purpose - Answer accounting & financial mgmt independent? 1) obtains financing from marketplace 2) uses funds to buy assets 3) operates the assets to provide goods or services 4) sells goods or services to create revenue - Answer characteristics of business: max shareholder return - Answer goals of business (for profit)