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1. Multiple Choice: What is the primary goal of financial management in healthcare? a) Maximizing staff satisfaction b) Minimizing operational costs c) Maximizing patient care quality d) Ensuring regulatory compliance Answer: c) Maximizing patient care quality Rationale: While all options are important, the primary goal is to maximize patient care quality, as it directly impacts patient outcomes and the overall success of the healthcare facility. 2. True/False: The break-even analysis is useful only for for-profit healthcare organizations. Answer: False Rationale: Break-even analysis is a critical financial tool for both forprofit and non-profit organizations to understand at what point they neither make a profit nor incur a loss. 3. Fill-in-the-Blank: T
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