Healthcare Financial Management
Question and answers correctly
solved 2025/2026
The purpose of an organization chart includes: - correct answer ✔Indicating how responsibility is
assigned to managers and illustrating the structure of the organization
The goal of the financial managerial accounting can be summarized a ensuring that an organization's
revenues exceed its expenses. - correct answer ✔Ture
In the United stated from 2000 through 2017 - correct answer ✔Life expectancy has remained
relatively constant while infant mortality rate have improved
Healthcare employment has grown faster than total employment since 2009 and is expected to continue
to grow faster through 2029 - correct answer ✔True
Managers within healthcare organization must have one of two veiws: either financial or process -
correct answer ✔False
In the United states from 2009 through 2018 - correct answer ✔National health expenditures as a
percent of gross domestic product have remained relatively constant while per capita national health
expenditures have increased
Which of the following is not a managerial accounting function - correct answer ✔Reporting to
government agencies, health plan, and stockholder (when a for-profit organization)
Healthcare employment has grown faster than total employment since 2009 and is expected to grow at
the same rate as total employment from 2019 through 2029 - correct answer ✔false
,The controlling and directing function of management involve : - correct answer ✔ensuring plans are
followed and taking action when expectation are not met.
Per Capita National Health Expenditures have increased continuously since 2009. - correct answer
✔True
Most organization have a 12-month reporting period known as fiscal year. Anything less than a full 12-
month ear is called a "stub period" and is fully out in the in heading of the report. - correct answer
✔Ture
By illustrating information flow, Flowsheets answer which of the following question? - correct answer
✔*All of these are correct.
How does the information enter the system
Who is initially respond for this piece of information?
What is specific piece of information?
Joseph, an RN in the emergency room of Sample Hospital, begins his Saturday night shift by punching his
time card into the machine by the employee entrance. From what you understand about the four
segment that make a healthcare system work, where does Josep's time card belong? - correct answer
✔In the original records segment
Cost center produce output that can be readily measured while expense center produce outputs whose
quality is difficult to assess. - correct answer ✔True
Which type of management report are most liking to contain raw information rather than verified,
adjusted, and balanced information? - correct answer ✔Daily and weekly reports
The chart of accounts establishes how revenues, expenses, assets, and liabilities are categorized, and
there is one standard numbering system used by all organizations. - correct answer ✔True
, One output from the clinical and financial data repository is insurance verification for patients through
an electronic data information link to insurance company databases. - correct answer ✔Ture
The chart of accounts: - correct answer ✔All of these are correct
Has generic examples available for reference purpose
Can be infinitely customized for an organization's purposes.
Is a map that the financial manger must and should understand
Of the four segments that make a financial management system work, the reporting system provides
evidence that some event has occurred. - correct answer ✔false
The goal of flowsheets is to identify the sequence of activities in a process and who is responsible for
information as it enters the system. - correct answer ✔True
If a user enters =2*4+10, the result will be 80. - correct answer ✔False
When calculating an equation, Excel calculates: - correct answer ✔number in parentheses first.
Which of the following charts is used to determine the relationship between two variables? - correct
answer ✔Scatter chart
A statistics chart is used to determine if a variable has an excessive variation or a high number of
outliers. - correct answer ✔True
Excel's formulas tab provides access to more than 400 formulas. - correct answer ✔True
Which of the following Excel formulas will not calculate a measure of central tendency for a range of
numbers? - correct answer ✔= STD(data range)
Question and answers correctly
solved 2025/2026
The purpose of an organization chart includes: - correct answer ✔Indicating how responsibility is
assigned to managers and illustrating the structure of the organization
The goal of the financial managerial accounting can be summarized a ensuring that an organization's
revenues exceed its expenses. - correct answer ✔Ture
In the United stated from 2000 through 2017 - correct answer ✔Life expectancy has remained
relatively constant while infant mortality rate have improved
Healthcare employment has grown faster than total employment since 2009 and is expected to continue
to grow faster through 2029 - correct answer ✔True
Managers within healthcare organization must have one of two veiws: either financial or process -
correct answer ✔False
In the United states from 2009 through 2018 - correct answer ✔National health expenditures as a
percent of gross domestic product have remained relatively constant while per capita national health
expenditures have increased
Which of the following is not a managerial accounting function - correct answer ✔Reporting to
government agencies, health plan, and stockholder (when a for-profit organization)
Healthcare employment has grown faster than total employment since 2009 and is expected to grow at
the same rate as total employment from 2019 through 2029 - correct answer ✔false
,The controlling and directing function of management involve : - correct answer ✔ensuring plans are
followed and taking action when expectation are not met.
Per Capita National Health Expenditures have increased continuously since 2009. - correct answer
✔True
Most organization have a 12-month reporting period known as fiscal year. Anything less than a full 12-
month ear is called a "stub period" and is fully out in the in heading of the report. - correct answer
✔Ture
By illustrating information flow, Flowsheets answer which of the following question? - correct answer
✔*All of these are correct.
How does the information enter the system
Who is initially respond for this piece of information?
What is specific piece of information?
Joseph, an RN in the emergency room of Sample Hospital, begins his Saturday night shift by punching his
time card into the machine by the employee entrance. From what you understand about the four
segment that make a healthcare system work, where does Josep's time card belong? - correct answer
✔In the original records segment
Cost center produce output that can be readily measured while expense center produce outputs whose
quality is difficult to assess. - correct answer ✔True
Which type of management report are most liking to contain raw information rather than verified,
adjusted, and balanced information? - correct answer ✔Daily and weekly reports
The chart of accounts establishes how revenues, expenses, assets, and liabilities are categorized, and
there is one standard numbering system used by all organizations. - correct answer ✔True
, One output from the clinical and financial data repository is insurance verification for patients through
an electronic data information link to insurance company databases. - correct answer ✔Ture
The chart of accounts: - correct answer ✔All of these are correct
Has generic examples available for reference purpose
Can be infinitely customized for an organization's purposes.
Is a map that the financial manger must and should understand
Of the four segments that make a financial management system work, the reporting system provides
evidence that some event has occurred. - correct answer ✔false
The goal of flowsheets is to identify the sequence of activities in a process and who is responsible for
information as it enters the system. - correct answer ✔True
If a user enters =2*4+10, the result will be 80. - correct answer ✔False
When calculating an equation, Excel calculates: - correct answer ✔number in parentheses first.
Which of the following charts is used to determine the relationship between two variables? - correct
answer ✔Scatter chart
A statistics chart is used to determine if a variable has an excessive variation or a high number of
outliers. - correct answer ✔True
Excel's formulas tab provides access to more than 400 formulas. - correct answer ✔True
Which of the following Excel formulas will not calculate a measure of central tendency for a range of
numbers? - correct answer ✔= STD(data range)
