HealthCare Finance Test 1 Question
and answers verified to pass
2025/2026
Which of the following statements about finance, accounting, and financial management is most
correct? - correct answer ✔the primary role of finance is to plan for, acquire, and use resources to
maximize the efficiency (and value) of the enterprise
which of the following is not a finance activity? - correct answer ✔facilities management
which of the following statements about the finance departments of large healthcare organizations are
most correct? - correct answer ✔all of the statements are correct
- the department is headed by the chief financial officer
- the CFO typically reports directly to the CEO
- the CFO usually is assisted by a comptroller and a treasurer
- the comptroller and treasure often have managers under the responsible for specific functions, such as
patient accounts management and cash management
which of the following statements about hospitals is most correct? - correct answer ✔the majority of
hospitals are public or not for profit (as opposed to investor owned)
Which of the following statements about healthcare providers is incorrect? - correct answer ✔there
are many more hospitals than there are nursing homes, but nursing homes tend to have a greater
number of beds
in the united states, the highest proportion of healthcare expenditures is for - correct answer
✔hospital care
, which of the following statements about regulatory and legal issues is most correct - correct answer
✔most providers primary legal concern is professional liability
recent surveys of members of the American College of Healthcare Executives and Healthcare Financial
Management Association indicate several critical concerns and challenges, Which of the following
concerns did they identify? - correct answer ✔- answers a & b
- adequate reimbursement from government payers
- balancing clinical and financial issues
The four Cs (character, capability, charisma, and courtesy) as described in the textbook summarize the
attributes needed to be a good financial manager - correct answer ✔false
The role of finance in healthcare organizations has increased in importance over time because the
finance function must support a multitude of activities, such as cost containment, payer negotiations,
and joint venture activities - correct answer ✔true
many studies have demonstrated the integrated delivery systems are able to provide higher-quality care
at lower cost than can stand-alone specialized provided organizations - correct answer ✔false
which of the following activities are characteristic of businesses? - correct answer ✔-all of the above
-raising money in the capital markets
-using money raised to purchase assets, such as land, buildings, and equipment
- using the purchased assets to create goods or services
- sustaining themselves financially by selling their goods or services
which of the following statements about the legal forms of for-profit business organization is most
correct? - correct answer ✔corporations have the advantage of limited liability to owners
and answers verified to pass
2025/2026
Which of the following statements about finance, accounting, and financial management is most
correct? - correct answer ✔the primary role of finance is to plan for, acquire, and use resources to
maximize the efficiency (and value) of the enterprise
which of the following is not a finance activity? - correct answer ✔facilities management
which of the following statements about the finance departments of large healthcare organizations are
most correct? - correct answer ✔all of the statements are correct
- the department is headed by the chief financial officer
- the CFO typically reports directly to the CEO
- the CFO usually is assisted by a comptroller and a treasurer
- the comptroller and treasure often have managers under the responsible for specific functions, such as
patient accounts management and cash management
which of the following statements about hospitals is most correct? - correct answer ✔the majority of
hospitals are public or not for profit (as opposed to investor owned)
Which of the following statements about healthcare providers is incorrect? - correct answer ✔there
are many more hospitals than there are nursing homes, but nursing homes tend to have a greater
number of beds
in the united states, the highest proportion of healthcare expenditures is for - correct answer
✔hospital care
, which of the following statements about regulatory and legal issues is most correct - correct answer
✔most providers primary legal concern is professional liability
recent surveys of members of the American College of Healthcare Executives and Healthcare Financial
Management Association indicate several critical concerns and challenges, Which of the following
concerns did they identify? - correct answer ✔- answers a & b
- adequate reimbursement from government payers
- balancing clinical and financial issues
The four Cs (character, capability, charisma, and courtesy) as described in the textbook summarize the
attributes needed to be a good financial manager - correct answer ✔false
The role of finance in healthcare organizations has increased in importance over time because the
finance function must support a multitude of activities, such as cost containment, payer negotiations,
and joint venture activities - correct answer ✔true
many studies have demonstrated the integrated delivery systems are able to provide higher-quality care
at lower cost than can stand-alone specialized provided organizations - correct answer ✔false
which of the following activities are characteristic of businesses? - correct answer ✔-all of the above
-raising money in the capital markets
-using money raised to purchase assets, such as land, buildings, and equipment
- using the purchased assets to create goods or services
- sustaining themselves financially by selling their goods or services
which of the following statements about the legal forms of for-profit business organization is most
correct? - correct answer ✔corporations have the advantage of limited liability to owners
