100%(6)6 out of 6 people found this document helpful
This preview shows page 1 - 3 out of 3 pages.
Question 1Which of the following is the primary goal of a not-for-profit healthcare organization? Choosethe best answer.A. To serve the community through provision of health care services.B. To balance revenues with expensesC. To provide jobs for those in the community.D. To deliver very high-quality health care services.10 pointsQuestion 2One of the advantages of a nonprofit organization compared with an investor-owned company isthat the investor-owned company is subject to federal income taxes, whereas the nonprofitorganization is not.TrueFalse10 pointsQuestion 4The controller in a hospital is usually responsible for which of the following activities (choose allthat apply):A. Collection of accounts receivableB. Developing budgetsC. Filing Medicare cost reportsD. Arranging hospital loans
E. Investing surplus cash10 pointsQuestion 5The earnings of a standard (“C”) corporation can be subject to double taxation.TrueFalse10 pointsQuestion 6An uninsured patient receives services with charges of $5,000 from a hospital. The hospital staff