#1
Which of the following is NOT a primary goal of financial management in healthcare?
Maximizing shareholder wealth
Efficient allocation of resources
Ensuring compliance with regulations
Minimizing patient satisfaction
#2
What is the role of financial managers in healthcare organizations?
To provide medical care
To manage financial resources effectively
To conduct medical research
To oversee human resources
#3
Which financial statement provides information about a healthcare organization's revenues and expenses over a specific period?
Balance sheet
Income statement
Cash flow statement
Statement of retained earnings
#4
What is the primary focus of financial management in healthcare organizations?
Maximizing patient satisfaction
Maximizing shareholder wealth
Maximizing revenue
Minimizing expenses
#5
What is the significance of cash flow management in healthcare organizations?
To increase debt levels
To ensure there is enough cash to cover expenses
To reduce patient wait times
To improve employee satisfaction
#6
What is the formula to calculate Return on Investment (ROI)?
Net Profit / Total Revenue
Net Profit / Total Assets
Net Profit / Total Equity
Net Profit / Total Cost
#7
Which financial ratio measures a healthcare organization's ability to meet short-term obligations?
Current ratio
Quick ratio
Debt to equity ratio
Operating margin ratio
#8
What does the term 'capital budgeting' refer to in financial management?
Managing day-to-day expenses
Budgeting for long-term investments
Budgeting for employee salaries
Budgeting for marketing expenses
#9
Which financial statement provides a snapshot of a healthcare organization's financial position at a specific point in time?
Income statement
Balance sheet
Cash flow statement
Statement of retained earnings
#10
Which of the following is a component of working capital?
Property, plant, and equipment
Accounts receivable
Long-term investments
Debt-to-equity ratio
#11
What is the concept of 'time value of money' in financial management?
Money saved is money earned
Money loses value over time due to inflation
Money has a different value depending on when it is received or spent
Money should be invested for short-term gains
#12
What is the purpose of financial forecasting in healthcare management?
To accurately predict future financial performance
To meet regulatory requirements
To reduce taxes
To maximize patient satisfaction
#13
What is the purpose of financial leverage?
To reduce risk
To increase profitability
To decrease debt
To reduce taxes
#14
What is the purpose of cost-benefit analysis in healthcare financial management?
To evaluate the financial performance of hospitals
To assess the effectiveness of medical treatments
To determine the profitability of healthcare services
To compare the costs and benefits of projects or investments
#15
What is the main objective of financial risk management in healthcare?
To eliminate all financial risks
To maximize financial returns
To minimize the impact of financial uncertainties
To increase debt levels