100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
HCM 416 ACTUAL QUESTIONS AND ANSWERS WITH COMPLETE SOLUTIONS CA$15.24   Add to cart
Quickly navigate to
Preview
  2.  
  3. HCM 416
  4.  
  5. HCM 416

Exam (elaborations)

HCM 416 ACTUAL QUESTIONS AND ANSWERS WITH COMPLETE SOLUTIONS
 0 view  0 purchase
  • Course
  • HCM 416
  • Institution
  • HCM 416

HCM 416 ACTUAL QUESTIONS AND ANSWERS WITH COMPLETE SOLUTIONS Ch 01 - 1 Which of the following statements about finance, accounting, and financial management is most correct? a. Accounting is of no value in decision making. b. Accounting provides the theory and concepts necessary to help manag...

[Show more]

Preview 3 out of 24  pages

Document information

  • November 10, 2024
  • 24
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • hcm 416 actual questions and answers with complete

Written for

  • HCM 416
All documents for this subject (21)

Seller

avatar-seller
NurseAdvocate

Reviews received

Content preview

HCM 416 ACTUAL QUESTIONS AND ANSWERS WITH

COMPLETE SOLUTIONS


Ch 01 - 1

Which of the following statements about finance, accounting, and financial

management is most correct?

a. Accounting is of no value in decision making.

b. Accounting provides the theory and concepts necessary to help managers

make better decisions.

c. Financial management involves the measurement, in financial terms, of

operational events that affect the resources and financing of an organization.

d. The primary role of finance is to plan for, acquire, and use resources to

maximize the efficiency (and value) of the enterprise.

e. Financial management is of no value in decision making.

D

Ch 01 - 2

Which of the following are not finance activities?

a. Planning and budgeting

b. Revenue cycle management

c. Financial reporting

d. Financial risk management

e. Facilities management

,E

Ch 01 - 3

True or False: The four Cs (character, capability, charisma, and courtesy)

summarize the attributes needed to be a good financial manager.

a. True

b. False

B

Ch 01 - 4

True or False: The role of finance in healthcare organizations has increased in

importance over time because the finance function must support a multitude of

activities such as cost containment, payer negotiations, and joint venture

activities.

a. True

b. False

A

Ch 01 - 5

Which of the following statements about the finance department at large

healthcare organizations is most correct?

a. The department is headed by the chief financial officer (CFO) (sometimes

called the vice-president finance).

b. The CFO typically reports directly to the chief executive officer (CEO).

c. The CFO usually is assisted by a comptroller and treasurer.

d. The comptroller and treasurer often have managers under them responsible for

, specific functions such as patient accounts management and cash management.

e. All of the above statements are correct.

E

Ch 01 - 6

Which of the following statements about hospitals is most correct?

a. Patients at general acute care hospitals typically have long patient stays, often

30 or more days.

b. The number of specialty hospitals has declined over the last three decades.

c. The optimal size for a hospital is roughly 50 beds.

d. The majority of hospitals are public or not for profit (as opposed to investor

owned).

e. Most physicians involved with hospital services are hospital employees.

D

Ch 01 - 7

Which of the following statements about healthcare providers is incorrect?

a. Traditional outpatient settings include clinics, medical practices, hospital

outpatient departments, and emergency rooms.

b. Long-term care includes both healthcare and personal care services.

c. There are many more hospitals than there are nursing homes, but nursing

homes tend to have a greater number of beds.

d. One of the hypothesized benefits of integrated delivery systems is patient

capture.

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller NurseAdvocate. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for CA$15.24. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

77254 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
CA$15.24
  • (0)
  Add to cart