HLSC 3P94 Quiz 9 - Health Care Financing and Managing Costs/Revenues

Q1: Capital budgets are prepared for the upcoming fiscal year?

True

False

False

Q2: The two major types of budgets are Master budget and Capital budget

True

False

True

Q3: Most money for health care is raised through provincial and federal taxes

True

False

True

Q4: Implications for managers include human resource activities and patient-related activities

True

False

True

Q5: Master budgets include all financial information for the organization

True

False

True

Q6: As of 2019, most money is spent on which of the following?

Hospitals

Drugs

Physicians

Hospitals

Q7: Financial management includes increasing the organizations revenues and decreasing expenses to improve income

True

False

True

Q8: Capital budgets include plan for expenditures for long-term assets whose useful life is > 1 year

True

False

True

Q9: Public Services include dental care, vision care, complementary medicine, and outpatient physiotherapy?

True

False

False

Q10: One key aspect of financial management is providing oversight of the health care organizations financial operations

True

False

True