Test bank for Gapenski's Understanding Healthcare Financial Management, 7th seventh Edition George H. Pink (All Chapters 1-16, 100% Verified and Original Resource) High-Quality Format | A+ Grade | Perfect for Educators & Students

Test bank for Gapenski's Understanding Healthcare Financial Management, 7th seventh Edition George H. Pink (All Chapters 1-16, 100% Verified and Original Resource) High-Quality Format | A+ Grade | Perfect for Educators & Students

1. ch01-001
Financial management provides the theories, concepts, and tools necessary to help managers make
better financial decisions.
*a. True
b. False
2. ch01-002
Which of following factors make the health services industry unique (different from other industries)?
a. It has many not-for-profit organizations.
b. Most revenues do not come from the beneficiary of the services.
c. The government is highly involved.
d. Answers a. and b. are both correct.
*e. Answers a., b., and c. are all correct.
3. ch01-003
Which of the following is not a finance activity?
a. Evaluation and planning
b. Financing decisions
c. Long-term investment decisions
d. Financial risk management
*e. Facilities management
4. ch01-004
Which of the following statements about organizational goals is most correct?
a. In proprietorships and partnerships, the owners? goals and the business?s goals are completely
separate.
b. The primary goal of investor-owned corporations is to increase the size of the organization.
c. The primary goal of not-for-profit corporations is to increase the size of the organization.
*d. The primary goal of investor-owned corporations is shareholder wealth (stock price)
maximization.
e. Because not-for-profit corporations have a charitable purpose, they typically do not establish an
organizational goal. 

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