LSUS MHA 706 MIDTERM EXAM STUDY GUIDE 2025
FINANCIAL MANAGEMENT MIDTERM | QUESTIONS
AND CORRECT ANSWERS | LATEST VERSION |
ALREADY GRADED A+
1. healthcare finance
Answer: the accounting and financial management principles and practices used within health services organizations to
ensure the financial well-being of the enterprise
2. healthcare sector
Answer: consists of a diverse collection of industries that involve the healthcare of the population
3. provider
Answer: an organization that provides healthcare services
4. business
Answer: maintains financial viability by selling goods or services
5. pure charity
Answer: relies solely on contributions
6. finance
Answer: consists of both accounting and financial management functions
,7. primary role of finance
Answer: to plan for, acquire, and use resources to maximize the eflciency and value of the enterprise
8. accounting
Answer: concerns the recording of economic events that reflect the operations, resources, and financing of an organization
9. financial management
Answer: provides the theory, concepts, and tools necessary to help managers make better financial decisions
10. planning and budgeting
Answer: involves evaluating the financial ettectiveness of current operations and planning for the future
11. financial reporting
Answer: recording and reporting to outsiders the results of operations and current financial status
12. capital budgeting
Answer: the process of analyzing and choosing new fixed assets
13. financing decisions
Answer: all organizations must raise capital to buy the assets necessary to support operations
14. working capital management
Answer: a managerial accounting strategy focusing on maintaining eflcient levels of both components of working
capital, current assets and current liabilities, in respect to each other
, 15. contract management
Answer: the process of managing contract creation, execution and analysis to maximize operational and financial
performance at an organization, all while reducing financial risk
16. financial risk management
Answer: the practice of economic value in a firm by using financial instruments to manage exposure to risk, particularly
credit risk and market risk
17. four C's
Answer: costs, cash, capital, and control
18. cost
Answer: a resource use associated with providing or supporting a specific service
19. chief financial officer
Answer: typically reports directly to the CEO
20. chief executive officer
Answer: responsible for all finance activities within the organization
21. comptroller
Answer: responsible for accounting and reporting activities
22. treasurer
FINANCIAL MANAGEMENT MIDTERM | QUESTIONS
AND CORRECT ANSWERS | LATEST VERSION |
ALREADY GRADED A+
1. healthcare finance
Answer: the accounting and financial management principles and practices used within health services organizations to
ensure the financial well-being of the enterprise
2. healthcare sector
Answer: consists of a diverse collection of industries that involve the healthcare of the population
3. provider
Answer: an organization that provides healthcare services
4. business
Answer: maintains financial viability by selling goods or services
5. pure charity
Answer: relies solely on contributions
6. finance
Answer: consists of both accounting and financial management functions
,7. primary role of finance
Answer: to plan for, acquire, and use resources to maximize the eflciency and value of the enterprise
8. accounting
Answer: concerns the recording of economic events that reflect the operations, resources, and financing of an organization
9. financial management
Answer: provides the theory, concepts, and tools necessary to help managers make better financial decisions
10. planning and budgeting
Answer: involves evaluating the financial ettectiveness of current operations and planning for the future
11. financial reporting
Answer: recording and reporting to outsiders the results of operations and current financial status
12. capital budgeting
Answer: the process of analyzing and choosing new fixed assets
13. financing decisions
Answer: all organizations must raise capital to buy the assets necessary to support operations
14. working capital management
Answer: a managerial accounting strategy focusing on maintaining eflcient levels of both components of working
capital, current assets and current liabilities, in respect to each other
, 15. contract management
Answer: the process of managing contract creation, execution and analysis to maximize operational and financial
performance at an organization, all while reducing financial risk
16. financial risk management
Answer: the practice of economic value in a firm by using financial instruments to manage exposure to risk, particularly
credit risk and market risk
17. four C's
Answer: costs, cash, capital, and control
18. cost
Answer: a resource use associated with providing or supporting a specific service
19. chief financial officer
Answer: typically reports directly to the CEO
20. chief executive officer
Answer: responsible for all finance activities within the organization
21. comptroller
Answer: responsible for accounting and reporting activities
22. treasurer
