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Finance Stuff

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Submitted By magicalme89
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Which of the following statements about finance, accounting, and financial management is most correct? (d) a. Accounting is of no value in decision making. b. Accounting provides the theory and concepts necessary to help managers make better decisions. c. Financial management involves the measurement, in financial terms, of operational events that affect the resources and financing of an organization. d. The primary role of finance is to plan for, acquire, and use resources to maximize the efficiency (and value) of the enterprise.

Which of the following are not finance activities? (d) a. Planning and budgeting b. Financial reporting c. Financial risk management d. Facilities management

Which of the following statements about the finance department at large healthcare organizations is most correct? (e) a. The department is headed by the chief financial officer (CFO) (sometimes called the vice-president finance). b. The CFO typically reports directly to the chief executive officer (CEO). c. The CFO usually is assisted by a comptroller and treasurer. d. The comptroller and treasurer often have managers under them responsible for specific functions such as patient accounts management and cash management. e. All of the above statements are correct.

Which of the following statements about hospitals is most correct? (c) a. Patients at general acute care hospitals typically have long patient stays, often 30 or more days. b. The optimal size for a hospital is roughly 50 beds. c. The majority of hospitals are public or not for profit (as opposed to investor owned). d. Most physicians involved with hospital services are hospital employees.

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