HCM 416 Chapter 1-5 Quizzes Exam
Questions and Answers Graded A+
Which of the following statements about finance, accounting, and financial
management is most correct?
a) Accounting is of no value in decision making.
b) Financing management is of no value in decision making.
c) Financial management is just the reporting of past organizational activities.
d) Financial management provides the theory, concepts, and tools necessary to help
managers make better financial decisions - Correct answer-d) Financial
management provides the theory, concepts, and tools necessary to help managers
make better financial decisions
Which of the following are not finance activities?
a) Planning and budgeting
b) Facilities management
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,c) Financial reporting
d) Financing decisions - Correct answer-b) Facilities management
Which of the following statements about the finance department at large healthcare
organizations is most correct?
a) The department is headed by the chief financial officer (CFO) (sometimes called
the vice president-finance)
b) The CFO typically reports directly to the chief executive officer (CEO).
c) The CFO usually is assisted by a comptroller and treasurer.
d) Answers a., b., and c. are correct. - Correct answer-d) Answers a., b., and c. are
correct.
What is NOT an advantage of a proprietorship?
a) Unlimited liability
b) Ease of formation
c) No corporate income taxes - Correct answer-a) Unlimited liability
What is a disadvantage of being a corporation?
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, a) Unlimited life
b) Limited liability
c) External reporting
d) Answers a. and b. are correct - Correct answer-c) External reporting
Pick the answer that does NOT belong.
Stockholders have....
a) A possible dividend and/or capital gains
b) Right of control
c) Claim on residual liquidation proceeds
d) Right to company product discounts - Correct answer-d) Right to company
product discounts
A not-for-profit corporation can also be called a 529(b).
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Questions and Answers Graded A+
Which of the following statements about finance, accounting, and financial
management is most correct?
a) Accounting is of no value in decision making.
b) Financing management is of no value in decision making.
c) Financial management is just the reporting of past organizational activities.
d) Financial management provides the theory, concepts, and tools necessary to help
managers make better financial decisions - Correct answer-d) Financial
management provides the theory, concepts, and tools necessary to help managers
make better financial decisions
Which of the following are not finance activities?
a) Planning and budgeting
b) Facilities management
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,c) Financial reporting
d) Financing decisions - Correct answer-b) Facilities management
Which of the following statements about the finance department at large healthcare
organizations is most correct?
a) The department is headed by the chief financial officer (CFO) (sometimes called
the vice president-finance)
b) The CFO typically reports directly to the chief executive officer (CEO).
c) The CFO usually is assisted by a comptroller and treasurer.
d) Answers a., b., and c. are correct. - Correct answer-d) Answers a., b., and c. are
correct.
What is NOT an advantage of a proprietorship?
a) Unlimited liability
b) Ease of formation
c) No corporate income taxes - Correct answer-a) Unlimited liability
What is a disadvantage of being a corporation?
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, a) Unlimited life
b) Limited liability
c) External reporting
d) Answers a. and b. are correct - Correct answer-c) External reporting
Pick the answer that does NOT belong.
Stockholders have....
a) A possible dividend and/or capital gains
b) Right of control
c) Claim on residual liquidation proceeds
d) Right to company product discounts - Correct answer-d) Right to company
product discounts
A not-for-profit corporation can also be called a 529(b).
©COPYRIGHT 2025, ALL RIGHTS RESERVED 3
