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HSM 543 Health Services Finance Financial Management Week 1 Quiz_Answer

HSM 543 Health Services Finance Financial Management Week 1 Quiz_Answer

HSM 543 Health Services Finance Financial Management Week 1 Quiz_Answer


1. Question : (TCO A) The purpose of managerial accounting is the study of _____.

financial statements

strategic plans

management behavior

costs, including methods to classify and allocate costs

2. Question : (TCO A) The most important objective of healthcare financial management is to _____.

determine the tax status of the organization

improve the marketing budget

generate a reasonable net income

follow accounting rules and regulations

3. Question : (TCO B) The rationale for having tax exempt organizations is the fact that _____.

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

None of the above

4. Question : (TCO A) Some of the identified CFO leadership skills include which of the following?

Communicating clearly

Providing leadership in day-to-day operations

Managing resources and finances

Creating a positive organizational culture

All of the above

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