WGU C428 Pre-assessment Exam Questions and Answers|
ALREADY PASSED |2024 LATEST UPDATE
A medical center is expanding its hospital staff to accommodate the increasing number of flu cases seen over the past weeks.
Which type of finance activity is described in this scenario?
Cost Cash Capital
Control ✔✔Cost
A healthcare organization's senior finance leader is responsible for all financial plans and activities related to reimbursement, accounting, budgeting, and management for a healthcare system's financial well-being.
Which role matches this description?
Controller
Treasurer
Staff accountant
Chief financial officer ✔✔Chief financial officer
The most common structures of hospitals are religious, secular, or academic. These organizations raise capital through donations and tax-exempt debt. What is the legal structure of hospitals that raise capital through these means?
Not-for-profit: to break even For-profit: to maximize profits For-profit: to maximize shareholder value
Not-for-profit: to meet charitable purposes ✔✔Not-for-profit: to meet charitable purposes
An established diagnostic center needs a new mammogram machine. The center has incurred higher debt and is very highly leveraged but decides to apply for another secured loan at its local bank.
What will the bank decide about the secured loan?
The interest rate will be lower. The interest rate will be higher. The interest rate will be variable.
The interest rate will remain stable. ✔✔The interest rate will be higher.
A private hospital with a successful history of traditional patient care is seeking to open
a holistic treatment center off-site. It has secured an initial loan of five million dollars.
How would the nature of this venture affect the interest rate that could be expected on the loan?
A lower interest rate loan due to the organization's current assets
A higher interest rate loan due to the hospital's success rate
A lower interest rate loan due to the location of new site
A higher interest rate loan due to the alternative patient care ✔✔A higher interest rate loan
due to the alternative patient care
A healthcare organization has the following financial information available in a balance sheet:
Assets:
Cash of $10,000
ALREADY PASSED |2024 LATEST UPDATE
A medical center is expanding its hospital staff to accommodate the increasing number of flu cases seen over the past weeks.
Which type of finance activity is described in this scenario?
Cost Cash Capital
Control ✔✔Cost
A healthcare organization's senior finance leader is responsible for all financial plans and activities related to reimbursement, accounting, budgeting, and management for a healthcare system's financial well-being.
Which role matches this description?
Controller
Treasurer
Staff accountant
Chief financial officer ✔✔Chief financial officer
The most common structures of hospitals are religious, secular, or academic. These organizations raise capital through donations and tax-exempt debt. What is the legal structure of hospitals that raise capital through these means?
Not-for-profit: to break even For-profit: to maximize profits For-profit: to maximize shareholder value
Not-for-profit: to meet charitable purposes ✔✔Not-for-profit: to meet charitable purposes
An established diagnostic center needs a new mammogram machine. The center has incurred higher debt and is very highly leveraged but decides to apply for another secured loan at its local bank.
What will the bank decide about the secured loan?
The interest rate will be lower. The interest rate will be higher. The interest rate will be variable.
The interest rate will remain stable. ✔✔The interest rate will be higher.
A private hospital with a successful history of traditional patient care is seeking to open
a holistic treatment center off-site. It has secured an initial loan of five million dollars.
How would the nature of this venture affect the interest rate that could be expected on the loan?
A lower interest rate loan due to the organization's current assets
A higher interest rate loan due to the hospital's success rate
A lower interest rate loan due to the location of new site
A higher interest rate loan due to the alternative patient care ✔✔A higher interest rate loan
due to the alternative patient care
A healthcare organization has the following financial information available in a balance sheet:
Assets:
Cash of $10,000
