CPPM Chapter 4 Already Graded A+
Financial Management
What system uses the cost of equipment, staff time, and supplies to evaluate overall cost?
Options: a. Activity-based costing; b. Cost-benefit analysis; c. Break-even analysis; d. Cash-based
accounting
Answer: a. Activity-based costing...
What system uses the cost of equipment, staff time, and supplies to evaluate overall cost?
Options: a. Activity-based costing; b. Cost-benefit analysis; c. Break-even analysis; d. Cash-based
accounting
Answer: a. Activity-based costing
What is an advantage of leasing medical equipment?
Options: a. Lease payments are not deductible for income tax purposes; b. Lease payments are
deductible for income tax purposes; c. Lease payments are non-deductible for both income and sales
tax; d. Lease payments are deductible for both income and sales tax
Answer: b. Lease payments are deductible for income tax purposes
Financial Planning
What are two disadvantages of owning medical equipment?
Options: a. Large upfront cost, devaluation over time, high maintenance costs; b. Large upfront cost,
devaluation over time, low maintenance costs; c. Large upfront cost, high maintenance costs,
devaluation over time; d. Low upfront cost, devaluation over time, low maintenance costs
Answer: c. Large upfront cost, high maintenance costs, devaluation over time
Financial Statements
What financial statement is used to maintain awareness of the funds available to support ongoing
business operations in your practice?
Options: a. Balance sheet; b. Income statement; c. Cash flow statement; d. Budget
Answer: c. Cash flow statement
Accounting Methods
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