Question 1

U.S. health expenditures between 2000 and 2015

Accepted Answer

A)   Whether measured in dollars or as a percentage of GDP have increased each year
B)   Measured as a percent of GDP have been stable, while when measured in dollars have increased each year
C)   Measured in dollars have been stable, while when measure as a percent of GDP have increased each year
D)   Measured in dollars have increased each year, while when measured as a percent of GDP have increased overall but has experienced multiple years of relative stability

Question 2

The first step in building a budget is

Accepted Answer

A)   Collecting data
B)   Forecasting output
C)   Estimating revenue
D)   Estimating expenses
E)   Identifying the type of budget to be constructed

Question 3

Which of the following is NOT required to control the rate of increase in healthcare costs?

Accepted Answer

A)   Cost must be better understood
B)   Budgets must provide incentives to control costs
C)   Employees must internalize the idea that value is output/cost
D)   All of the preceding must occur to control future healthcare costs

Question 4

Which of the following was given as a reason for the growth in percentage of GDP consumed by health expenditures?

Accepted Answer

A)   An increase in malpractice claims
B)   A labor-intensive production process
C)   Excessive wages for healthcare wages
D)   High profits of health insurers

Question 5

Which of the following is NOT required to control the rate of increase in healthcare costs?

Accepted Answer

A)   Cost must be better understood
B)   Budgets must provide incentives to control costs
C)   Employees must internalize the idea that value is output/cost
D)   Cost must be a key component of future electronic health records

Question 6

The primary interaction operating managers have with finance is

Accepted Answer

A)   Budgeting
B)   Capital investment
C)   Financial reporting
D)   Financing capital structure

Exam 17: Financial Management and Health Care

U.S. health expenditures between 2000 and 2015

Correct Answer
verified

Which of the following is NOT required to control the rate of increase in healthcare costs?

Correct Answer
verified

The first step in building a budget is

Correct Answer
verified

The primary interaction operating managers have with finance is

Correct Answer
verified

Which of the following is NOT required to control the rate of increase in healthcare costs?

Correct Answer
verified

Which of the following was given as a reason for the growth in percentage of GDP consumed by health expenditures?

Correct Answer
verified

Exam 17: Financial Management and Health Care

U.S. health expenditures between 2000 and 2015

Correct AnswerverifiedShow Answer

Which of the following is NOT required to control the rate of increase in healthcare costs?

Correct AnswerverifiedShow Answer

The first step in building a budget is

Correct AnswerverifiedShow Answer

The primary interaction operating managers have with finance is

Correct AnswerverifiedShow Answer

Which of the following is NOT required to control the rate of increase in healthcare costs?

Correct AnswerverifiedShow Answer

Which of the following was given as a reason for the growth in percentage of GDP consumed by health expenditures?

Correct AnswerverifiedShow Answer

Correct Answer
verified

Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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