DeVry University, Chicago

HSM 542

WEEK 1: QUIZ

Question 1)(TCO A) The purpose of managerial accounting is the study of             .

financial statements

strategic plans

management behavior

costs, including methods to classify and allocate costs See Chapter 1, page 6.

Question No. 2

(TCO A) The most important objective of healthcare financial management is to          . determine the tax status of the organization

improve the marketing budget

generate a reasonable net income

follow accounting rules and regulations

Question No. 3

(TCO B) What percent of revenue do for-profit hospitals deliver in uncompensated care? Correct Answer

3%–4%

10%

15%–20%

Question No. 4

(TCO A) Healthcare organizations submit to an external audit by an independent auditing firm. The most favorable auditor opinion is            .

an unqualified opinion

a qualified opinion an adverse opinion

a disclaimer of opinion None of the above