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Which of the following statements about finance, accounting, and financial management is most correct?
1
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 is not a finance activity?
2
Facilities management

Which of the following statements about regulatory and legal issues in the health services industry is not correct?
For the instructor, this was question 10.

The costs to a health services organization of complying with regulation are minimal.

Which of the following statements about the role of finance in healthcare organizations is incorrect?
For the instructor, this was question 8.

Today, the most critical finance function is cost identification.

Which of the following statements about hospitals is most correct?
For the instructor, this was question 3

The majority of hospitals are public or not for profit (as opposed to investor owned)

Which of the following statements about regulatory and legal issues is most correct?

Most providers' primary legal concern is professional liability.

Which of the following characteristics of the health services industry warrant(s) a specific focus on healthcare finance?

The majority of payments to healthcare providers are made by third-party payers. The provision of healthcare services is dominated by not-for-profit corporations. The primary role of finance in health services organizations is to plan for, acquire, and use resources to maximize the efficiency and value of the enterprise. Answers (a) and (b) are correct. Answers (a), (b), and (c) are correct

Which of the following statements about trends occurring in the health services industry is(are) most correct?
For the instructor, this was question 9.

Decreasing admission rates, shorter lengths of stay, and pressure to provide discounts to third-party payers have led to a decline in the number of hospitals and hospital beds in recent years.
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