1.
A medical center is expanding its hospital staff to accommodate the increasing number of flu cases seen
over the past weeks.
Which type of finance
... [Show More] activity is described in this scenario?
YOUR
ANSWER
CORRECT
ANSWER
Cost
Cash
Capital
Control
2.
A healthcare organization's senior finance leader is responsible for all financial plans and activities related
to reimbursement, accounting, budgeting, and managementfor a healthcare system’s financial well-being.
Which role matches this description?
YOUR
ANSWER
CORRECT
ANSWER
Controller
Treasurer
Staff accountant
Chief financial officer
3.
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The most common structures of hospitals are religious, secular, or academic. These organizations raise
capitalthrough donations and tax-exempt debt.
Whatis the legal structure of hospitals that raise capitalthrough these means?
YOUR
ANSWER
CORRECT
ANSWER
Not-for-profit: to break even
For-profit: to maximize profits
For-profit: to maximize shareholder value
Not-for-profit: to meet charitable purposes
4.
An established diagnostic center needs a new mammogram machine. The center has incurred higher debt
and is very highly leveraged but decides to apply for another secured loan atits local bank.
What willthe bank decide aboutthe secured loan?
YOUR
ANSWER
CORRECT
ANSWER
The interest rate will be lower.
The interest rate will be higher.
The interest rate will be variable.
The interest rate will remain stable.
5.
A private hospital with a successful history oftraditional patient care is seeking to open a holistic
treatment center off-site. It has secured an initial loan of five million dollars.
How would the nature ofthis venture affectthe interest rate that could be expected on the loan?
YOUR
ANSWER
CORRECT
ANSWER
A lower interest rate loan due to the organization's current assets
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YOUR
ANSWER
CORRECT
ANSWER
A higher interest rate loan due to the hospital's success rate
A lower interest rate loan due to the location of new site
A higher interest r [Show Less]