Healthcare Finance Quiz 1.docx - Question 1 Which of the following is the primary goal of a not-for-profit healthcare organization Choose the best

Healthcare Finance Quiz 1.docx - Question 1 Which of the...

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Question 1 Which of the following is the primary goal of a not-for-profit healthcare organization? Choose the best answer. A. To serve the community through provision of health care services. B. To balance revenues with expenses C. To provide jobs for those in the community. D. To deliver very high-quality health care services. 10 points Question 2 One of the advantages of a nonprofit organization compared with an investor-owned company is that the investor-owned company is subject to federal income taxes, whereas the nonprofit organization is not. True False 10 points Question 4 The controller in a hospital is usually responsible for which of the following activities (choose all that apply): A. Collection of accounts receivable B. Developing budgets C. Filing Medicare cost reports D. Arranging hospital loans
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E. Investing surplus cash 10 points Question 5 The earnings of a standard (“C”) corporation can be subject to double taxation. True False 10 points Question 6 An uninsured patient receives services with charges of $5,000 from a hospital. The hospital staff
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