Financial Resource Management in
Healthcare - C428 Exam Questions and
Answers Graded A+
Costs
Cash
Capital
Control - Correct answer-Finance within a healthcare organization can be
condensed into the "four Cs":
Treasurer - Correct answer-The finance department manager who handles capital
acquisition, investment management, and risk management activities
Comptroller - Correct answer-The finance department manager who handles
accounting, budgeting, and reporting activities.
CFO (Chief Financial Officer) - Correct answer-The head of the finance
department holds the title of chief financial officer. (The title of vice president-
finance is also used.) This individual typically reports directly to the organization's
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, chief executive officer (CEO) and is responsible for all finance activities within the
organization.
costs - Correct answer-The measurement and minimization of _____ are vital
activities to the financial success of all healthcare organizations. Rampant ____,
compared to revenues, usually spell doom for any business.
cash - Correct answer-A business might be profitable but still face a crisis because
of a shortage of _____. ______ is the lubricant that makes the wheels of a business
run smoothly; without it, the business grinds to a halt.
Capital - Correct answer-_____ represents the funds (money) used to acquire land,
buildings, and equipment. Without _____, healthcare businesses would not have
the physical resources needed to provide patient services.
Control - Correct answer-A business must ______ its financial and physical
resources to ensure that they are being wisely employed and protected for future
use. In addition to meeting current mission requirements, healthcare organizations
must plan to meet society's future healthcare needs.
Accounting - Correct answer-The measurement and recording of events that reflect
the operations, assets, and financing of an organization.
©COPYRIGHT 2025, ALL RIGHTS RESERVED 2
Healthcare - C428 Exam Questions and
Answers Graded A+
Costs
Cash
Capital
Control - Correct answer-Finance within a healthcare organization can be
condensed into the "four Cs":
Treasurer - Correct answer-The finance department manager who handles capital
acquisition, investment management, and risk management activities
Comptroller - Correct answer-The finance department manager who handles
accounting, budgeting, and reporting activities.
CFO (Chief Financial Officer) - Correct answer-The head of the finance
department holds the title of chief financial officer. (The title of vice president-
finance is also used.) This individual typically reports directly to the organization's
©COPYRIGHT 2025, ALL RIGHTS RESERVED 1
, chief executive officer (CEO) and is responsible for all finance activities within the
organization.
costs - Correct answer-The measurement and minimization of _____ are vital
activities to the financial success of all healthcare organizations. Rampant ____,
compared to revenues, usually spell doom for any business.
cash - Correct answer-A business might be profitable but still face a crisis because
of a shortage of _____. ______ is the lubricant that makes the wheels of a business
run smoothly; without it, the business grinds to a halt.
Capital - Correct answer-_____ represents the funds (money) used to acquire land,
buildings, and equipment. Without _____, healthcare businesses would not have
the physical resources needed to provide patient services.
Control - Correct answer-A business must ______ its financial and physical
resources to ensure that they are being wisely employed and protected for future
use. In addition to meeting current mission requirements, healthcare organizations
must plan to meet society's future healthcare needs.
Accounting - Correct answer-The measurement and recording of events that reflect
the operations, assets, and financing of an organization.
©COPYRIGHT 2025, ALL RIGHTS RESERVED 2
