OL BMGT 310 Healthcare Finance Week
1 Quiz
The real key to understanding finance is understanding: - correct answer ✔✔the elements of finance and
their relationship to each other
When healthcare finance is considered "a method of getting money in and out of the business", the
successful manager is able to achieve the most beneficial outcome by adjusting the inflow and outflow
through what actions? - correct answer ✔✔All of the above
The manager with a process viewpoint generally: - correct answer ✔✔Is responsible for data
accumulation
The manager with a clinical viewpoint generally: - correct answer ✔✔All of the above
The purpose of an organization chart includes: - correct answer ✔✔A & B
The chart of accounts: - correct answer ✔✔all of the above
Of the four segments that make a healthcare financial system work, which segment
provides evidence that an event has occurred? - correct answer ✔✔The original records
The primary purpose of annual year-end reports is to report the organization's operations for the period
to: - correct answer ✔✔Outsiders or third parties
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? The: - correct answer ✔✔Secondary subclassification
1 Quiz
The real key to understanding finance is understanding: - correct answer ✔✔the elements of finance and
their relationship to each other
When healthcare finance is considered "a method of getting money in and out of the business", the
successful manager is able to achieve the most beneficial outcome by adjusting the inflow and outflow
through what actions? - correct answer ✔✔All of the above
The manager with a process viewpoint generally: - correct answer ✔✔Is responsible for data
accumulation
The manager with a clinical viewpoint generally: - correct answer ✔✔All of the above
The purpose of an organization chart includes: - correct answer ✔✔A & B
The chart of accounts: - correct answer ✔✔all of the above
Of the four segments that make a healthcare financial system work, which segment
provides evidence that an event has occurred? - correct answer ✔✔The original records
The primary purpose of annual year-end reports is to report the organization's operations for the period
to: - correct answer ✔✔Outsiders or third parties
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? The: - correct answer ✔✔Secondary subclassification
