United States Health Care System Combining Business Health And Delivery3rd Ed by Anne Austin - Test Bank - Updated 2025
The U.S. Health Care System, 3e
(Austin)
Chapter 2 The
Business Side of Health Care
1)
A not-for-profit hospital is described by all of the following, EXCEPT it
A)
may focus on serving the poor
B)
is not focused on profits
C)
may lose money on many of its poor patients
D)
has a goal of making money
Answer: D
2)
Profit is
A)
money collected from patients and insurance companies for health care services
rendered
B)
the price paid when an individual or business borrows money
C)
revenue minus costs
D)
lacking during times of prosperity
Answer: C
3)
A single physician in practice would be an example of a(n)
A)
sole proprietorship
B)
partnership
C)
corporation
D)
antitrust
Answer: A
4)
Shareholders may exist in which business ownership configuration?
A)
Corporation
B)
Partnership
C)
Sole proprietorship
D)
Collaboration
Answer: A
5)
Marketing
A)
includes the product, price, promotion, and distribution to the customer
B)
uses technology to manage information
C)
creates the product or service
D)
tracks the flow of money in and out of a business
Answer: A
6)
Accounting
A)
creates the product or service
B)
tracks the flow of money in and out of a business
C)
uses technology to manage information
D)
includes the product, price, promotion, and distribution to the customer
Answer: B
7)
Production
A)
uses technology to manage information
B)
tracks the flow of money in and out of a business
C)
includes the product, price, promotion, and distribution to the customer
D)
creates the product or service
Answer: D
8)
Information technology
A)
creates the product or service
B)
tracks the flow of money in and out of a business
C)
includes the product, price, promotion, and distribution to the customer
D)
uses technology to manage information
Answer: D
9)
A market economy is described by all of the following, EXCEPT it
A)
is also called a private system
B)
is called a free enterprise system
C)
has competition as its central feature
D)
is not concerned with profit
Answer: D
10)
Which economic principle influences the cost as well as the availability of
goods and services?
A)
Supply and demand
B)
Microeconomics
C)
Recession
D)
Macroeconomics
Answer: A
11)
All of the following are key economic indicators, EXCEPT
A)
tax rate
B)
unemployment rate
C)
inflation rate
D)
interest rate
Answer: A
12)
Prior to pursuing funding for a new imaging machine, the CFO assesses the
economy, especially the prime rate. The CFO is concerned about the effect that
the ________ will have on the ultimate cost of the imaging machine.
A)
loan
B)
credit
C)
inflation
D)
interest
Answer: D
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