TEST BANK FOR UNITED STATES HEALTH CARE SYSTEM COMBINING BUSINESS HEALTH AND DELIVERY 3RD BY AUSTIN

The U.S. Health Care System, 3e (Austin) Chapter 2 The Business Side of Health Care 1) A not-for-profit hospital is described by all of the following, EXCEPT it A) may focus on serving the poor B) is not focused on profits C) may lose money on many of its poor patients D) has a goal of making money Answer: D 2) Profit is A) money collected from patients and insurance companies for health care services rendered B) the price paid when an individual or business borrows money C) revenue minus costs D) lacking during times of prosperity Answer: C 3) A single physician in practice would be an example of a(n) A) sole proprietorship B) partnership C) corporation D) antitrust Answer: A 4) Shareholders may exist in which business ownership configuration? A) Corporation B) Partnership C) Sole proprietorship D) Collaboration Answer: A 5) Marketing A) includes the product, price, promotion, and distribution to the customer B) uses technology to manage information C) creates the product or service D) tracks the flow of money in and out of a business Answer: A 6) Accounting A) creates the product or service B) tracks the flow of money in and out of a business C) uses technology to manage information D) includes the product, price, promotion, and distribution to the customer Answer: B