1. What is the primary goal of healthcare financial management? A) Maximizing staff satisfaction B) Minimizing operational costs C) Maximizing shareholder wealth D) Ensuring patient care quality Answer: D) Ensuring patient care quality Rationale: The primary goal of healthcare financial management is to ensure that patient care quality is maintained at the highest possible level, as the well-being of patients is the central focus of healthcare services. 2. Which financial statement provides information about the financial position of a healthcare organization at a specific point in time? A) Income statement B) Balance sheet C) Statement of cash flows D) Statement of retained earnings Answer: B) Balance sheet