Test bank for Introduction to the Financial Management of Healthcare Organizations, 8e Nowicki (All Chapters 1-16, 100% Verified and Original Resource) High-Quality Format | A+ Grade | Perfect for Educators & Students

Test bank for Introduction to the Financial Management of Healthcare Organizations, 8e Nowicki (All Chapters 1-16, 100% Verified and Original Resource) High-Quality Format | A+ Grade | Perfect for Educators & Students

1. The purpose of a not-for-profit healthcare facility is to
a. make a substantial profit.
*b. provide healthcare services to the community.
c. provide healthcare services specifically to the medically indigent.
d. raise funding for research and technology.
2. What are the five management functions?
a. Planning, communicating, decision making, staffing, controlling
b. Communicating, decision making, coordinating, staffing, controlling
*c. Planning, organizing, staffing, controlling, directing
d. Organizing, staffing, decision making, communicating, controlling
3. The purpose of healthcare financial management is to
*a. provide accounting and financial information that assists the manager in achieving the
organization?s purpose.
b. manage finances.
c. make a profit.
d. provide accounting and financial information to the board so it can best view the financial position
of the organization.
4. What is the highest level of education most chief financial officers have completed?
a. Bachelor?s degree
*b. Master?s degree
c. Associate?s degree
d. Doctoral degree
5. Accounting is generally divided into what major areas?
a. Assets and liabilities
b. Cost accounting and financial accounting
c. Charge-based accounting and cost-based accounting
*d. Financial accounting and managerial accounting 

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