#1
Which financial statement provides a snapshot of an organization's financial position at a specific point in time?
Income statement
Cash flow statement
Balance sheet
Statement of retained earnings
#2
What does the acronym ROI stand for in financial management?
Return on Investment
Risk of Inflation
Revenue from Operations
Rate of Interest
#3
Which financial statement reports an organization's revenues and expenses over a specific period?
Balance sheet
Income statement
Cash flow statement
Statement of retained earnings
#4
What is the formula for calculating Net Income?
Total Revenue - Total Expenses
Total Assets - Total Liabilities
Total Revenue / Total Expenses
Total Liabilities / Total Equity
#5
Which financial statement provides information about an organization's sources and uses of cash during a specific period?
Balance sheet
Income statement
Cash flow statement
Statement of retained earnings
#6
What financial metric measures an organization's efficiency in using its assets to generate revenue?
Net profit margin
Return on Equity (ROE)
Return on Assets (ROA)
Earnings Before Interest and Taxes (EBIT)
#7
Which of the following is NOT a method for managing financial risk in healthcare organizations?
Diversification
Derivatives
Leverage
Insurance
#8
Which of the following financial ratios measures the ability of a healthcare organization to meet its short-term obligations?
Debt-to-Equity Ratio
Current Ratio
Return on Investment (ROI)
Asset Turnover Ratio
#9
What does the term 'Accounts Receivable Turnover' indicate in healthcare financial management?
The number of days it takes to collect payment from patients
The efficiency of collecting payments from insurance companies
The frequency at which accounts receivable are paid off or collected
The amount of revenue generated by accounts receivable
#10
Which type of budgeting technique involves making adjustments to the budget based on changes in volume or activity level?
Zero-based budgeting
Incremental budgeting
Flexible budgeting
Static budgeting
#11
What is the primary goal of capital budgeting in healthcare financial management?
To minimize taxes
To maximize shareholder wealth
To maximize revenue
To maximize long-term value
#12
In healthcare financial management, what is 'Capitation'?
A form of insurance coverage
A payment model where providers are paid a fixed amount per patient
A type of reimbursement for medical procedures
A method for calculating return on investment
#13
What role does the time value of money play in healthcare financial management?
It affects the timing of cash flows and investment decisions
It determines the value of stocks in healthcare companies
It influences the interest rates set by central banks
It impacts the pricing of medical services
#14
Which financial analysis tool helps identify the profitability of individual service lines within a healthcare organization?
Trend analysis
Break-even analysis
Cost-volume-profit (CVP) analysis
Service line costing
#15
What role does financial risk management play in healthcare organizations?
To eliminate all financial risks
To minimize the impact of financial risks on operations
To maximize profitability through risky investments
To transfer all financial risks to insurance companies