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Health 305: Healthcare Finance & Budgeting  /  Science Courses

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Health 305: Healthcare Finance & Budgeting Final Exam

Free Practice Test Instructions:

Choose your answer to the question and click 'Continue' to see how you did. Then click 'Next Question' to answer the next question. When you have completed the free practice test, click 'View Results' to see your results. Good luck!

Question 1 1. Which capital budgeting technique compares the outgoing cash associated with a project with the discounted cash flow expected to be generated by that project?

Question 2 2. What type of capital investment is being made by a chiropractic office that decides to offer both physical and occupational therapy as well?

Question 3 3. A hospital purchases a new piece of equipment for $10,000. This equipment will potentially earn profits of $1,000 each month. The _____ of the equipment is 10 months.

Question 4 4. Which of the following is the BEST example of an intangible asset of a hospital?

Question 5 5. What is the basic accounting equation?

Question 6 6. Which of the following assets would be considered the most liquid?

Question 7 7. Colin is considering purchasing a bond issued by a non-profit organization. Which of the following is an advantage of purchasing such a bond?

Question 8 8.

Christa is considering becoming a shareholder in XYZ Corporation.

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Which of the following is MOST accurate?

Use this material to answer questions #9 through #10

Megan, who is an accomplished seamstress, has recently begun sewing clothes for her children. Her best friend, Polly, is impressed by the quality of clothing and suggests to Megan that she consider selling her clothes to the public.

Question 9 9.

Megan decides to ask Polly, who has an advanced degree in marketing, to help her with her clothing venture. The two friends decide to enter into a partnership.


Which of the following is MOST accurate?

Use this material to answer questions #9 through #10

Megan, who is an accomplished seamstress, has recently begun sewing clothes for her children. Her best friend, Polly, is impressed by the quality of clothing and suggests to Megan that she consider selling her clothes to the public.

Question 10 10. Megan decides that she wants to set up her business structure so that creditors cannot access her personal assets. She also wants to make sure that she cannot be personally sued. Which of the following organizational structures would BEST meet Megan's needs?

Question 11 11. All of the following are three main areas involved in healthcare compliance EXCEPT:

Question 12 12. A shareholder who wants to know what a company owns and how it has financed what it owns should look at its _____.

Question 13 13. A hospital that bills Medicare incorrectly or for unnecessary procedures for substandard care has committed _____.

Question 14 14. Which statement concerning the double-declining balance depreciation method is MOST accurate?

Question 15 15. Which of the following statements BEST describes the relationship among variable costs, production volume, and revenue?

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Health 305: Healthcare Finance & Budgeting Final Free Practice Test Instructions

Choose your answer to the question and click 'Continue' to see how you did. Then click 'Next Question' to answer the next question. When you have completed the free practice test, click 'View Results' to see your results. Good luck!

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