Exam (elaborations)
HCAD 401 Exam 1 Review Questions and Answers
- Course
- Institution
HCAD 401 Exam 1 Review Questions and Answers
[Show more]
Content preview
HCAD 401 Exam 1 ReviewThe purpose of a not-for-profit healthcare facility is to
A) Make a substantial profit
B) Provide healthcare services to the community
C) Provide healthcare services specifically to the medically indigents
D) Raise funding for research and technology - Answer-B) Provide healthcare services to the community
What are the five management functions?
A) Planning, communicating, decision making, staffing, controlling
B) Communicating, decision making, coordination, staffing, controlling
C) Planning, organizing, staffing, directing, controlling
D) Organizing, staffing, decision making, communicating, controlling - Answer-C) Planning, organizing,
staffing, directing, controlling
What is the highest level of education most CFOs have completed?
A) Bachelor's degree
, B) Master's degree
C) Associate's degree
D) Doctoral degree - Answer-B) Master's degree
Accounting is generally divided into what two major areas?
A) Assets and liabilities
B) Cost accounting and financial accounting
C) Charge-based accounting and cost-based accounting
D) Financial accounting and managerial accounting - Answer-D) Financial accounting and managerial
accounting
The purpose of financial accounting is to provide
A) Prospective accounting information to external users, including stakeholders
B) Historic accounting information to internal users, including managers
C) Historic accounting information to external users, such as stakeholders
D) Prospective accounting information to internal users, including managers - Answer-C) Historic
accounting information to external users, such as stakeholders
The purpose of managerial accounting is to provide
A) Current or prospective accounting information to internal users, including managers
B) Historic accounting information to external users
C) Prospective accounting information to external users
D) Historic accounting information to internal users, including managers - Answer-A) Current or
prospective accounting information to internal users, including managers
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Zanaya. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $13.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
72042 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now