HEALTH CARE FINANCE AND
BUDGETING FINAL EXAM | 155
QUESTIONS | WITH COMPLETE
SOLUTIONS!!
1 of 155
Definition
Smoking cessation workshops, diabetes screening at a local grocery
store, free well-child checkups
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A government-funded initiative for A private health insurance plan
urban development offering discounts
, A marketing strategy used by Community benefit provided
for- profit businesses by a not-for-profit hospital
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2 of 155
Term
The difference between a budgeted and actual amount is called?
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Efficiency Correlation
Variance Mean
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3 of 155
Term
The preparation and release of financial statements may be
characterized as what type of task?
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Public accounting Financial accounting
, Governmental accounting Managerial accounting
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4 of 155
Term
Accurate description of the trend in the US healthcare expenditures
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Per capital health Per capital health expenditures
expenditures are projected to are projected to remain
increase through 2018. constant through 2018.
Per capital health expenditures Total health expenditures are
are projected to decrease through expected to stabilize through 2018.
2018.
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5 of 155
Term
A budget variance that is expected to resolve before the end of the
year is a:
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, Permanent variance Fixed cost
Favorable variance Temporary variance
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6 of 155
Term
To maintain tax-exempt status, the not-for-profit hospitals must:
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Be organized for the benefit
of a private interest, attempt
Focus solely on profit generation. to influence legislation,
Participate in election
campaign activities
Operate without any Be organized for the benefit of
community service shareholders.
requirements.
Don't know?
7 of 155
Term
BUDGETING FINAL EXAM | 155
QUESTIONS | WITH COMPLETE
SOLUTIONS!!
1 of 155
Definition
Smoking cessation workshops, diabetes screening at a local grocery
store, free well-child checkups
Give this one a try later!
A government-funded initiative for A private health insurance plan
urban development offering discounts
, A marketing strategy used by Community benefit provided
for- profit businesses by a not-for-profit hospital
Don't know?
2 of 155
Term
The difference between a budgeted and actual amount is called?
Give this one a try later!
Efficiency Correlation
Variance Mean
Don't know?
3 of 155
Term
The preparation and release of financial statements may be
characterized as what type of task?
Give this one a try later!
Public accounting Financial accounting
, Governmental accounting Managerial accounting
Don't know?
4 of 155
Term
Accurate description of the trend in the US healthcare expenditures
Give this one a try later!
Per capital health Per capital health expenditures
expenditures are projected to are projected to remain
increase through 2018. constant through 2018.
Per capital health expenditures Total health expenditures are
are projected to decrease through expected to stabilize through 2018.
2018.
Don't know?
5 of 155
Term
A budget variance that is expected to resolve before the end of the
year is a:
Give this one a try later!
, Permanent variance Fixed cost
Favorable variance Temporary variance
Don't know?
6 of 155
Term
To maintain tax-exempt status, the not-for-profit hospitals must:
Give this one a try later!
Be organized for the benefit
of a private interest, attempt
Focus solely on profit generation. to influence legislation,
Participate in election
campaign activities
Operate without any Be organized for the benefit of
community service shareholders.
requirements.
Don't know?
7 of 155
Term
