Question: Question 1 2 ( 2 points ) In maximizing profits, there is always a trade - off with risk. The greater the risk we must

Question 12(2 points) In maximizing profits, there is always a trade-off with risk. The greater the risk we must incur, the ________ the anticipated profit or return on our money we demand. Question 12 options: Lesser Greater Equal Faster Question 13(2 points) True or false: The most common liabilities are money owed to suppliers, employees, financial institutions and bondholders. Question 13 options: True False Question 14(2 points) Which of the following might be reasons a not-for-profit healthcare organization would use fund accounting? Question 14 options: To track a donor-restricted contribution to ensure the money is used in accordance with donor's intent To track a grant from a funder to ensure the money is used in accordance with funder's intent All of the above Question 15(2 points)__________ is the concept which states that expenses should be recorded in the same accounting period as the revenues they were responsible for generating. Question 15 options: Consistency Matching Materiality Going concern Question 16(2 points) True or false: A fund is an accounting entity with its own separate set of financial records. A single healthcare organization can have a number of different funds. Question 16 options: True False Question 17(2 points) True/False: Profit maximization is the primary goal of healthcare organizations Question 17 options: True False Question 18(2 points)_______is the concept where financial statements are prepared based on the assumption that the organization will remain in business for the foreseeable future. Question 18 options: Cost Objective evidence Materiality Going concern Question 19(2 points) A __________ is an example of asset with economic value that can help a healthcare organization provide healthcare to its patients, either directly or indirectly. Question 19 options: Magnetic Resonance Imaging (MRI) machine Salaries owed to nurses Taxes due to state authorities Mortgage owed to the bank for a hospital building Question 20(2 points) True or false: Although a hospital charges the same for X-Ray services to its patients, the payment it receives will differ based upon a patients insurance. Question 20 options: True False

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