Question 1

Which measure a facility’s ability to meet short-term obligations, collect receivables and maintain acash position?

Options :

A : Benchmarking

B : Cash adjustments

C : Quick ratio

D : Liquidity ratios

Answer: D

Question 2

Which of the following is NOT the step in expense variance?

Options :

A : Identify the amount of variance due to fixed costs

B : Develop a flexible expense budget

C : Calculate actual volume for each expense

D : Calculate the expense variance due to changes in volume and other factors.

Answer: C

Question 3

Estimated third party payor settlements are the category of?

Options :

A : Current assets

B : Current Equity

C : Current Expenses

D : Current liabilities

Answer: D

Question 4

In contrast to excel’s NPV function, the IRR function includes the final investments as one of the entries in the function.

Options :

A : True

B : False

Answer: B

Question 5

Requiring the patient to pay part of the health care bill and are used to prevent overutilization ofservices refers to:

Options :

A : Copayment

B : Part-payment

C : Half-payment

D : Over-payment

Answer: A

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