9/22/25, 10:25 AM Week 2 - Quiz 2: HCA312: Health Care Finance (HCI2535A)
Week 2 - Quiz 2
Due Sep 8 at 11:59pm
Points 15
Questions 15
Time Limit 90 Minutes
Allowed Attempts 2
Instructions
Understanding Costs
[WLOs: 1, 2, 3, 4] [CLOs: 1, 3]
Prior to taking this quiz,
Review Chapters 7 and 8 in the course textbook, Baker’s Health Care Finance: Basic Tools for
Nonfinancial Managers.
It is recommended you also carefully review the key terms at the end of each chapter prior to
beginning the quiz. The quiz questions relate to the assigned readings for this week.
Review the video How to Calculate Breakeven Point and Contribution Margin for your Business
- 60 Second Breakdown (https://youtu.be/GRWcN1qxabM) .
Review the Week 2 Key Terms (https://uagc.instructure.com/courses/150394/files/23638259?wrap=1)
(https://uagc.instructure.com/courses/150394/files/23638259/download?download_frd=1) handout.
The chapter readings and the video will help you understand concepts related to the financial health of
an organization.
The quiz contains 15 multiple-choice questions. Each quiz question is worth one point, and the quiz is
worth 4% of your course grade. You will have two attempts and 90 minutes for each attempt to
complete the quiz. The highest score will be shown in the gradebook. Select the Take the Quiz button
when you are ready to start this quiz. When finished, select the Submit Quiz button.
Take the Quiz Again
Attempt History
This study source was downloaded by 100000900412927 from CourseHero.com on 12-11-2025 15:49:12 GMT -06:00
https://uagc.instructure.com/courses/150394/quizzes/436507 1/5
https://www.coursehero.com/file/251839202/Week-2-Quiz-2-HCA312-Health-Care-Finance-HCI2535Apdf/
, 9/22/25, 10:25 AM Week 2 - Quiz 2: HCA312: Health Care Finance (HCI2535A)
Attempt Time Score
LATEST Attempt 1 36 minutes 14 out of 15
Correct answers are hidden.
Score for this attempt: 14 out of 15
Submitted Sep 22 at 8:22am
This attempt took 36 minutes.
Question 1
pts
Which of the following statements is correct about direct and indirect costs?
Direct costs and indirect costs are traced to cost objects.
Direct costs are traced to cost objects, and indirect costs are allocated to cost objects.
Direct costs are allocated to cost objects, and indirect costs are traced to cost objects.
Direct and indirect costs are allocated to cost objects.
Question 2
pts
Managers of which centers should be evaluated on their ability to serve patients (volume), the prices and
services offered (revenue), and maintenance of low expenses?
Investment centers
Expense centers
Cost centers
Profit centers
Question 3
pts
Because indirect costs are shared, they are sometimes called
total profit.
expenses.
joint or common costs.
All of these are correct.
Question 4
pts
Which of the following is a cost object?
ThisAstudy
patient
source was downloaded by 100000900412927 from CourseHero.com on 12-11-2025 15:49:12 GMT -06:00
https://uagc.instructure.com/courses/150394/quizzes/436507 2/5
https://www.coursehero.com/file/251839202/Week-2-Quiz-2-HCA312-Health-Care-Finance-HCI2535Apdf/
Week 2 - Quiz 2
Due Sep 8 at 11:59pm
Points 15
Questions 15
Time Limit 90 Minutes
Allowed Attempts 2
Instructions
Understanding Costs
[WLOs: 1, 2, 3, 4] [CLOs: 1, 3]
Prior to taking this quiz,
Review Chapters 7 and 8 in the course textbook, Baker’s Health Care Finance: Basic Tools for
Nonfinancial Managers.
It is recommended you also carefully review the key terms at the end of each chapter prior to
beginning the quiz. The quiz questions relate to the assigned readings for this week.
Review the video How to Calculate Breakeven Point and Contribution Margin for your Business
- 60 Second Breakdown (https://youtu.be/GRWcN1qxabM) .
Review the Week 2 Key Terms (https://uagc.instructure.com/courses/150394/files/23638259?wrap=1)
(https://uagc.instructure.com/courses/150394/files/23638259/download?download_frd=1) handout.
The chapter readings and the video will help you understand concepts related to the financial health of
an organization.
The quiz contains 15 multiple-choice questions. Each quiz question is worth one point, and the quiz is
worth 4% of your course grade. You will have two attempts and 90 minutes for each attempt to
complete the quiz. The highest score will be shown in the gradebook. Select the Take the Quiz button
when you are ready to start this quiz. When finished, select the Submit Quiz button.
Take the Quiz Again
Attempt History
This study source was downloaded by 100000900412927 from CourseHero.com on 12-11-2025 15:49:12 GMT -06:00
https://uagc.instructure.com/courses/150394/quizzes/436507 1/5
https://www.coursehero.com/file/251839202/Week-2-Quiz-2-HCA312-Health-Care-Finance-HCI2535Apdf/
, 9/22/25, 10:25 AM Week 2 - Quiz 2: HCA312: Health Care Finance (HCI2535A)
Attempt Time Score
LATEST Attempt 1 36 minutes 14 out of 15
Correct answers are hidden.
Score for this attempt: 14 out of 15
Submitted Sep 22 at 8:22am
This attempt took 36 minutes.
Question 1
pts
Which of the following statements is correct about direct and indirect costs?
Direct costs and indirect costs are traced to cost objects.
Direct costs are traced to cost objects, and indirect costs are allocated to cost objects.
Direct costs are allocated to cost objects, and indirect costs are traced to cost objects.
Direct and indirect costs are allocated to cost objects.
Question 2
pts
Managers of which centers should be evaluated on their ability to serve patients (volume), the prices and
services offered (revenue), and maintenance of low expenses?
Investment centers
Expense centers
Cost centers
Profit centers
Question 3
pts
Because indirect costs are shared, they are sometimes called
total profit.
expenses.
joint or common costs.
All of these are correct.
Question 4
pts
Which of the following is a cost object?
ThisAstudy
patient
source was downloaded by 100000900412927 from CourseHero.com on 12-11-2025 15:49:12 GMT -06:00
https://uagc.instructure.com/courses/150394/quizzes/436507 2/5
https://www.coursehero.com/file/251839202/Week-2-Quiz-2-HCA312-Health-Care-Finance-HCI2535Apdf/
