HSM543 Quiz Week 1

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HSM543 Quiz Week 1
(TCO A) Which of the following is not a major objective of healthcare financial management?

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HSM543 Quiz Week 1

HSM543 Quiz Week 1

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(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

(TCO A) Which of the following is not a major objective of healthcare financial management?

Generate income

Respond to regulations

Facilitate relationship with third-party payers

Influence method and amount of payment

Increase market share

(TCO B) What percent of revenue do for-profit hospitals deliver in uncompensated care?

3%-4%

10%

15%-20%

None

(TCO A) Managerial accounting is the link between

Accounting and outside users of financial statements.

Management and the board.

the organization and regulators.

Financial accounting and the manager.

Owners, lenders, and suppliers and management.

(TCO A) The purpose of financial accounting is to provide information to _____.

External users

Lenders

Suppliers

The government

All of the above

(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