HCM 416 QUESTIONS AND VERIFIED ANSWERS
2024/2025
Which of the following statements about finance, accounting, and financial
management is most correct?
a) Accounting is of no value in decision making.
b) Financing management is of no value in decision making.
c) Financial management is just the reporting of past organizational activities.
d) Financial management provides the theory, concepts, and tools necessary to
help managers make better financial decisions
d) Financial management provides the theory, concepts, and tools necessary to help
managers make better financial decisions
Which of the following are not finance activities?
a) Planning and budgeting
b) Facilities management
c) Financial reporting
d) Financing decisions
b) Facilities management
Which of the following statements about the finance department at large
healthcare organizations is most correct?
2024/2025
Which of the following statements about finance, accounting, and financial
management is most correct?
a) Accounting is of no value in decision making.
b) Financing management is of no value in decision making.
c) Financial management is just the reporting of past organizational activities.
d) Financial management provides the theory, concepts, and tools necessary to
help managers make better financial decisions
d) Financial management provides the theory, concepts, and tools necessary to help
managers make better financial decisions
Which of the following are not finance activities?
a) Planning and budgeting
b) Facilities management
c) Financial reporting
d) Financing decisions
b) Facilities management
Which of the following statements about the finance department at large
healthcare organizations is most correct?
