HSM 543 WEEK 1 Quiz
Question 1
5 / 5 pts
(CO A) Accounting is generally divided into two categories: financial and managerial.
Which of the choices
... [Show More] best describes managerial accounting?
Provides accurate accounting information, primarily historic in nature, to external users
Correct!
Provides accounting information, generally current, to internal users, including managers
Provides accounting information for external and regulatory users
Provides information for Medicare and Medicaid reports only
Provides information for all third-party payers
See Nowicki, page 5. Managerial accounting reports usually show dollar amounts and
units of measurement, such as inpatient days or number of procedures, to facilitate
analysis of performance and efficiencies in scheduling.
Question 2
0 / 5 pts
(CO A) Which of the following is not a major objective of healthcare financial
management?
Generating income
You Answered
Responding to regulations
Facilitating a relationship with third-party payers
Influencing the method and amount of payment
Correct Answer
Increasing market share
The list of major objectives is on pages 7 and 8 of Nowicki.
Question 3
5 / 5 pts
(CO B) All are examples for qualifying to be a tax-exempt organization except which of
the following?
Operate exclusively for charitable, scientific, or educational reasons
Serve public rather than private interests
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Not participate in political campaigns
Correct!
Earn a net profit at the end of the year
See Chapter 3, page 51.
Question 4
5 / 5 pts
(CO A) Some of the identified CFO leadership skills include which of the following?
Communicating clearly
Providing leadership in day-to-day operations
Managing resources and finances
Creating a positive organizational culture [Show Less]