Please find attached practice quiz on healthcare administration questions
Please find attached practice quiz on healthcare administration questions.
I look forward to your assistance so i can better prepare for the final
QuizNote:It is recommended that you save your response as you complete each question.Question 1 (1 point)Culver County Hospital has the lowest cost of any hospital in its region. However, it hascontinually reported very large operating losses and has depended upon tax support from thecounty. Assuming that positive operating margins are an objective of Culver County Hospital, thehospital could be described as:Question 1 options:A) Efficient and effectiveB) Effective but not efficientC) Efficient but not effectiveD) None of the aboveQuestion 2 (1 point)Which of the following is the primary goal of a not-for-profit healthcare organization? Choosethe best answer.Question 2 options:A) To serve the community through the provision of health care servicesB) To balance revenues with expenses
C) To provide jobs for those in the communityD) To deliver very high-quality health care servicesQuestion 3 (1 point)The controller in a hospital is usually responsible for which of the following activities (choose allthat apply):Question 3 options:A) Collection of accounts receivableB) Developing budgetsC) Filing Medicare cost reportsD) All of the AboveQuestion 4 (1 point)St. Luke’s Convalescent Center has $200,000 in surplus funds that it wishes to invest inmarketable securities. If transaction costs to buy and sell the securities are $2,200 and thesecurities will be held for three months, what required annual yield must be earned before theinvestment makes economic sense?Question 4 options:A) 4.4%B)3.6%
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