Chapter 1 quizz - QUESTION 1 Culver County Hospital has the lowest cost of any hospital in its region However it has continually reported very large

Chapter 1 quizz - QUESTION 1 Culver County Hospital has the...

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QUESTION 1 ° Culver County Hospital has the lowest cost of any hospital in its region. However, it has continually reported very large operating losses and has depended upon tax support from the county. Assuming that positive operating margins are an objective of Culver County Hospital, the hospital could be described as: A . A) Efficient and effective B . B) Effective but not efficient C . C) Efficient but not effective D . D) None of the above ° QUESTION 2 ° One use of financial information is to assess the efficiency of operations. In that context, efficiency refers to: A . A) the ratio of the organization's outputs to its inputs B . B) the extent to which malfeasance is minimized in the organization C . C) the degree to which the organization is in compliance with directives D D) the degree of financial viability achieved by the organization
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. ° QUESTION 3 ° The controller in a hospital is usually responsible for which of the following activities (choose all that apply): A . A) Investing surplus cash
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  • Fall '14
  • Dr.Straube
  • Non-profit organization, Culver County Hospital

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