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(WGU D253) HCM 3110 Financial Resource Management in Healthcare - FA Pre Test Guide $13.99   Add to cart

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(WGU D253) HCM 3110 Financial Resource Management in Healthcare - FA Pre Test Guide

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(WGU D253) HCM 3110 Financial Resource Management in Healthcare - FA Pre Test Guide(WGU D253) HCM 3110 Financial Resource Management in Healthcare - FA Pre Test Guide(WGU D253) HCM 3110 Financial Resource Management in Healthcare - FA Pre Test Guide(WGU D253) HCM 3110 Financial Resource Management ...

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  • September 11, 2024
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  • 2024/2025
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HCM 3110



Financial Resource Management in
Healthcare




FA PRE-TEST GUIDE




© WGU 2024/2025

, 1. Which financial ratio is most useful for assessing a healthcare
organization's ability to meet its short-term obligations?
a) Debt-to-equity ratio
b) Current ratio
c) Return on assets
d) Gross profit margin


Answer: b) Current ratio
Rationale: The current ratio measures the ability of a
healthcare organization to meet its short-term obligations with its
short-term assets.


2. Capital budgeting in healthcare primarily focuses on:
a) Funding day-to-day operations
b) Long-term investments in fixed assets
c) Managing daily cash flow
d) Short-term investments in marketable securities


Answer: b) Long-term investments in fixed assets

© WGU 2024/2025

, Rationale: Capital budgeting involves evaluating and selecting
long-term investment projects, such as building new facilities or
purchasing new equipment.


3. Which reimbursement model entails the healthcare provider
being paid a predetermined fixed amount per patient for a specific
period?
a) Fee-for-service
b) Capitation
c) Pay-for-performance
d) Bundled payments


Answer: b) Capitation
Rationale: Capitation is a payment model where healthcare
providers receive a set amount per patient regardless of the number
of services provided.


4. In evaluating a healthcare investment, which of the following
techniques exclusively considers the time value of money?
a) Payback period
b) Net present value (NPV)
c) Accounting rate of return (ARR)
d) Economic value added (EVA)
© WGU 2024/2025

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