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,1. Which of the following is a major goal of cost accounting in
healthcare organizations?
A) To determine the market share
B) To enhance revenue cycle management
C) To measure and allocate costs for better decision-making
D) To evaluate patient satisfaction
ANS: C
Rationale: Cost accounting helps in determining where costs
are incurred and how they can be managed or reduced for better
decision-making.
2. Which budgeting method is most suitable for an unpredictable
healthcare environment?
A) Zero-based budgeting
B) Rolling forecasting
C) Incremental budgeting
D) Activity-based budgeting
ANS: B
Rationale: Rolling forecasting allows for continuous updates
and is flexible in dealing with changes in the healthcare
landscape.
, 3. What is a primary purpose of value-based purchasing in
healthcare finance?
A) Reduce administrative burden
B) Increase patient visits
C) Link payment to the quality of care provided
D) Lower the cost of medical equipment
ANS: C
Rationale: Value-based purchasing aims to reward healthcare
providers for quality over quantity to improve patient outcomes.
4. Which financial statement provides a snapshot of a healthcare
organization's assets, liabilities, and equity at a specific point in
time?
A) Income Statement
B) Cash Flow Statement
C) Balance Sheet
D) Statement of Retained Earnings
ANS: C
Rationale: The Balance Sheet provides a summary of what the
organization owns and owes.
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