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MHA 706 Module 1 Exam Questions and Complete Solutions Graded A+ $13.49   Add to cart

Exam (elaborations)

MHA 706 Module 1 Exam Questions and Complete Solutions Graded A+

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  • LSUS MHA 706
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  • LSUS MHA 706

Primary role of finance within any organization - Answer: Plan for, acquire, and utilize resources to maximize the efficiency (and hence value) of the enterprise Finance activities include - Answer: - Planning and budgeting - Financial reporting - Capital investment decisions - Financing de...

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  • August 12, 2024
  • 10
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • LSUS MHA 706
  • LSUS MHA 706
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MHA 706 Module 1
Exam Questions
and Complete
Solutions Graded
A+
Denning [Date] [Course title]

, Healthcare Finance - Answer: The practice of finance, including both accounting and financial
management, within health services organizations



Accounting - Answer: Concerns the measurement, in financial (dollar) terms, of events that reflect the
resources, operations and financing of an organization



Financial management - Answer: provides the theory, concepts, and tools necessary to help managers
make better financial decisions



Characteristics of a business - Answer: - Obtains financing from the marketplace

- Uses the funds to assets

- Operates the assets to provide goods or services

- Sells the goods or services to create revenue



Primary role of finance within any organization - Answer: Plan for, acquire, and utilize resources to
maximize the efficiency (and hence value) of the enterprise



Finance activities include - Answer: - Planning and budgeting

- Financial reporting

- Capital investment decisions

- Financing decisions

- Working capital management

- Contract management

- Financial risk management



Finance activities can be summarized in four categories - Answer: - Cost minimization

- Cash sufficiency

- Capital access

- Control of financial resources

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