September – December 2023 Financial Questions

Business & Finance

The statistics budget:Select one:A. forecasts operating revenues that will be earned during the budget periodB. identifies the amount of service that will be provided by departmental areaC. represents an organization’s expected cash inflows and outflows based on the previous years’ cash flowsD. identifies operating expenses that are expected to be incurred during the budget periodE. A and B from aboveEffectiveness is a relationship between:Select one:A. Outputs and organizational goalsB. Inputs and outputsC. Inputs and organizational goalsD. None of the aboveEfficiency cost is a term that involves:Select one:A. The amount of time that a problem goes uncorrectedB. Cost per unit of timeC. Probability the problem occurrence is correctableD. All of the above.Use the correct terms to complete the following description of the evolution of the health plan/provider market. The existence of health care plan __________ produced health care provider __________.Select one:A. monopolies; oligopoliesB. oligopsonies; oligopoliesC. oligopsonies; monopoliesD. oligopolies; oligopsoniesWhich of the following can a health care provider vary across different payers?Select one:A. charges (prices)B. discountsC. quality of careD. access to emergency servicesPreparing a cash budget is important because:Select one:A. It provides an early warning system with respect to future shortages of cashB. It provides a standard against which future performance can be judgedC. It is an essential first step in preparing a sources and uses of cash statementD. All of the aboveE. A and BCash outflow in cash budgeting is mainly due to:Select one:A. Capital expendituresB. Labor costs and other expendituresC. Payments on accounts payableD. Taxes, interest payments and dividend payments

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