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HSA 464 Exam 1 Questions and Answers (100%
Correct Answers) Already Graded A+
The purpose of a nonprofit healthcare facility is to Ans: Provide
healthcare services to the community
What are the five management functions? Ans: Planning, organizing,
staffing, controlling, directing
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The purpose of healthcare financial management is to: Ans: Provide
accounting and financial information that assists the manager in
achieving the organization's purpose
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The most important objective of healthcare financial management is to
Ans: Generate income
Managers typically represent a __________ view of ethics, whereas
clinicians typically represent a _________ view of ethics. Ans: Utilitarianism;
deontological
Healthcare expenditures as a percent of gross domestic product are
about Ans: 18%
By type of service, the largest healthcare expenditure are Ans: Hospitals
By source of funds, the largest healthcare payer is Ans: Private Health
Insurance
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The worst example of conflict of interest is: (2) Ans: -Conflict between the
manager's duties to the organization
-When managers use their positions of authority for personal gains
Why should financial managers be concerned with quality initiatives in
the healthcare organization? Ans: Quality initiatives not only keep
patients and accreditation organizations like The Joint Commission
satisfied, but they also contribute to the profitability of the organization
by reducing liability and cost
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How would you predict that financial management and the
management functions will be important as healthcare changes in the
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future? Ans: Financial management and management functions, if
performed well, will keep organizations in business in the turbulent
economic environment predicted for the future
The governing body of a healthcare organization is responsible for Ans:
Proper development, utilization, and maintenance of all resources
The Sarbanes-Oxley Act was enacted to: (2) Ans: -Hold the CEO
personally liable for financial misreporting
-Require for-profit organizations to follow strict corporate accountability
standards
A Chief Financial Officer's (CFO) duties include which of the following: (2)
Ans: -Reporting to governing agencies
-Providing protection for the assets of the organization
1
HSA 464 Exam 1 Questions and Answers (100%
Correct Answers) Already Graded A+
The purpose of a nonprofit healthcare facility is to Ans: Provide
healthcare services to the community
What are the five management functions? Ans: Planning, organizing,
staffing, controlling, directing
© 2026 Assignment Expert
The purpose of healthcare financial management is to: Ans: Provide
accounting and financial information that assists the manager in
achieving the organization's purpose
Guru01 - Stuvia
The most important objective of healthcare financial management is to
Ans: Generate income
Managers typically represent a __________ view of ethics, whereas
clinicians typically represent a _________ view of ethics. Ans: Utilitarianism;
deontological
Healthcare expenditures as a percent of gross domestic product are
about Ans: 18%
By type of service, the largest healthcare expenditure are Ans: Hospitals
By source of funds, the largest healthcare payer is Ans: Private Health
Insurance
, For Expert help and assignment handling,
2
The worst example of conflict of interest is: (2) Ans: -Conflict between the
manager's duties to the organization
-When managers use their positions of authority for personal gains
Why should financial managers be concerned with quality initiatives in
the healthcare organization? Ans: Quality initiatives not only keep
patients and accreditation organizations like The Joint Commission
satisfied, but they also contribute to the profitability of the organization
by reducing liability and cost
© 2026 Assignment Expert
How would you predict that financial management and the
management functions will be important as healthcare changes in the
Guru01 - Stuvia
future? Ans: Financial management and management functions, if
performed well, will keep organizations in business in the turbulent
economic environment predicted for the future
The governing body of a healthcare organization is responsible for Ans:
Proper development, utilization, and maintenance of all resources
The Sarbanes-Oxley Act was enacted to: (2) Ans: -Hold the CEO
personally liable for financial misreporting
-Require for-profit organizations to follow strict corporate accountability
standards
A Chief Financial Officer's (CFO) duties include which of the following: (2)
Ans: -Reporting to governing agencies
-Providing protection for the assets of the organization
