Q&A Hero

Q: within the origins of financial management, who wrote about the universal function of management in human endeavors? a. plato b. socrates c. the sumerians d. none of the above

Q: common uses of managerial accounting typically include: a. pricing of services yes b. planning and control of operations yes c. control of performance measures yes d. reporting service profitability yes e. a, b, c f. b, c, d g. a, c, d h. all of the above

Q: financial reporting primarily deals with: a. future transactions such as projecting outcomes and preparing budgets b. transactions that have already occurred c. both transactions that have already occurred and certain future transactions d. a & b e. a & c f. b & c g. none of the above

Q: managerial accounting is considered to be: a. prospective b. retrospective c. both prospective and retrospective d. a & b e. a & c f. b & c g. none of the above

Q: external reporting to third parties in health care (depending upon type of reporting organization) may include reporting to: a. stockholders b. government entities c. health plan payers d. a & b e. a & c f. b & c g. all of the above

Q: accounting primarily intended for outside, or third party, use: a. is known as financial accounting b. is known as managerial accounting c. emphasizes external reporting d. requires the use of generally accepted accounting principles e. a, c & d f. a & c g b & c h. b, c & d

Q: managers who perform much of the organizations strategic planning typically operate from a: a. clinical view b. process view c. financial view d. any of the above e. none of the above

Q: managers who are affiliated with the information system hierarchy in the organization typically operate from a: a. financial view b. process view c. clinical view d. any of the above e. none of the above

Q: when working on a day-to-day basis, the manager is most likely: a. keeping the results of organizing running efficiently b. directing c. organizing d. a & b e. a & c f. b & c g. all of the above

Q: deciding how to use the resources of the organization: a. is the element of financial management called organizing b. is the element of financial management called directing c. will result in the most effective way to carry out established plans d. a & b e. a & c f. b & c g. all of the above

Q: decision making: a. involves analysis and evaluation b. requires making choices among available alternatives c. relies on information d. a & b e. a & c f. b & c g. all of the above

Q: when a financial manager studies current reports and compares them with reports from earlier periods to see if established plans are being followed, these reports are called: a. subsidiary reports b. the general ledger c. feedback d. a & b f. b & c g. all of the above

Q: the purpose of controlling is to: a. ensure that plans are being followed b. ensure effective resource use c. identify objectives d. a & b e. a & c f. b & c g. all of the above

Q: another purpose of planning is to: a. provide supervision b. identify ineffective areas c. identify required steps to accomplish objectives d. a & b e. a & c f. b & c g. all of the above

Q: one purpose of planning is to: a. ensure effective resource use b. identify objectives c. make informed choices d. a & b e. a & c f. b & c g. all of the above

Q: as another part of the history of financial management, who developed a minimum-wage system in 1800 b.c.? a. the chinese b. the egyptians and sumerians c. hammurabi d. none of the above

Q: as part of the history of financial management, who developed the concept of specialization for efficiency? a. plato b. socrates c. the egyptians d. none of the above

Q: the healthcare industry is primarily a: a. manufacturing industry b. service industry c. electronic information industry d. managed care industry e. none of the above

Q: the manager with a clinical viewpoint generally: a. may be responsible for service delivery b. may have direct interaction with patients c. is responsible for clinical outcomes d. all of the above

Q: the manager with a financial viewpoint generally: a. works with the system of the organization b. is responsible for the reporting function of the organization c. may be responsible for service delivery within the organization d. all of the above

Q: the manager with a process viewpoint generally: a. is responsible for clinical outcomes b. is responsible for the reporting function of the organization c. is responsible for data accumulation d. all of the above e. none of the above

Q: when healthcare finance is considered a method of getting money in and out of the business, the successful manager is able to achieve the most beneficial outcome by adjusting the inflow and outflow through what actions? a. organizing b. controlling c. decision making d. planning e. a & b f. b & c g. c & d h. all of the above

Q: healthcare finance can be described as a method of getting money in and out of the business. which of these descriptions is correct? a. getting money in represents revenues b. getting money out represents expenses c. getting money in represents outflow d. getting money out represents inflow e. a & b f. a & c g. b & d h. all of the above

Q: business management as a discipline for educational purposes began in the united states in the: a. 1700s b. 1800s c. 1900s d. none of the above

Q: the real key to understanding finance is understanding: a. the chief executive officers mission statement b. the elements of finance and their relationship to each other c. the organizations financial analysis software