HSM 543 Health Services Finance Week 1 Quizzes July 2022.

HSM 543 Health Services Finance Week 1 Quizzes July 2022. Week 1 Quiz 1. Question : (TCO A) The purpose of financial accounting is to provide information to _____. Student 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 This study source was downloaded by from CourseH on :09:33 GMT -05:00 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: