1. Which of the following financing mechanisms is commonly used to

fund healthcare services in the United States?

a) Fee-for-service

b) Socialized healthcare

c) Capitation

d) Direct payment

Answer: a) Fee-for-service

Rationale: Fee-for-service is a common financing mechanism in the

United States where healthcare providers are paid for each service

provided to patients.

2. What is the primary goal of financial management in healthcare

organizations?

a) Maximizing profits

b) Minimizing expenses

c) Providing high-quality patient care

d) Managing staff schedules efficiently

Answer: c) Providing high-quality patient care

Rationale: The primary goal of financial management in healthcare

organizations is to ensure the delivery of high-quality patient care while

maintaining financial stability.

3. What is the purpose of a budget in healthcare organizations?

a) To allocate funding for research projects

b) To track patient satisfaction scores

c) To control expenses and manage resources

d) To schedule staff shifts

Answer: c) To control expenses and manage resources

Rationale: A budget helps healthcare organizations control expenses,

manage resources efficiently, and plan for future financial needs.