BUSI 611 Quiz 2: Financial Management in Healthcare Organizations, Exams of Business Statistics

Download BUSI 611 Quiz 2: Financial Management in Healthcare Organizations and more Exams Business Statistics in PDF only on Docsity! BUSI 611 Quiz 2 questions and answers Liberty University 2024 • Question 1 Return on investment is the amount of revenues generated in excess of expenses for a project. Selected Answer: False • Question 2 2 out of 2 points Which of the following describes the amount that a healthcare provider will actually realize from billings for services? Selected Answer: Net patient revenues • Question 3 2 out of 2 points Benchmarking hospital financial performance using audited financial statements is fairly easy since all hospitals operate under the same financial disclosure rules. Selected Answer: False • Question 4 2 out of 2 points An understanding of finance is important in managing operations in a healthcare organization. Selected Answer: True • Question 5 0 out of 2 points Money received in the present is worth less than the same amount received in the future, due to inflation. Selected Answer: True • Question 6 0 out of 2 points Working capital is represented by: Selected Answer: Level s of inventory, cash, and accounts receivable on the books at any point in time, net of any current liabilities that will consume cash • Question 7