HSM 543 Week 1 Quiz
Week 1 Quiz
1. Question :
(TCO A) The purpose of financial accounting is to provide information to .
Student
... [Show More] Answer: external users lenders
suppliers
the government All of the above
Instructor Explanation: See Chapter 1, page 5. Points Received: 5 of 5 Comments:
Question 2. Question :
(TCO A) The most important objective of healthcare financial management is to
.
Student Answer: determine the tax status of the organization improve the marketing budget
generate a reasonable net income follow accounting rules and regulations
Instructor Explanation: See Chapter 1, page 7.
Points Received: 0 of 5
Comments: See Chapter 1, page 7.
Question 3. Question :
(TCO B) The rationale for having tax exempt organizations is the fact that .
Student Answer: the economy still benefits from jobs generated and payroll taxes paid
there are local real estate taxes collected from the organization
the organization is actually relieving the government of the burden of providing the services
All of the above
None of the above
Instructor Explanation: See Nowicki, page 45. Points Received: 5 of 5 Comments:
Question 4. Question :
(TCO A) Some of the identified CFO leadership skills include which of the following?
Student Answer: Communicating clearly
Providing leadership in day-to-day operations Managing resources and finances
Creating a positive organizational culture All of the above
Instructor Explanation: See Chapter 2, page 37. Points Received: 5 of 5 Comments:
Week 2 Quiz
1. Question :
(TCO C) Third-party payers include government and insurance company programs. In the mid-1940s, plans allowed employers and/or employees to prepay to an insurance company that would then reimburse a hospital or physician of the employee's choosing. These were called
Student Answer: health maintenance organizations (HMO). welfare benefit plans.
commercial indemnity plans. (
)
self-pay plan.
multiple employer welfare associations.
Instructor Explanation: See Nowicki, page 77. Points Received: 5 of 5 Comments: [Show Less]