Ambulatory Care, also known Answer Selected Answer: D. as outpatient care, encompasses services provided to non institutional patients. Outpatient settings include medical practices, hospital outpatient departments, ambulatory surgery centers, urgent care centers, diagnostic imaging centers, rehabilitation/sports medicine centers, and clinical laboratories. Correct Answer: D. as outpatient care, encompasses services provided to non institutional patients. Outpatient settings include medical practices, hospital outpatient departments, ambulatory surgery centers, urgent care centers, diagnostic imaging centers, rehabilitation/sports medicine centers, and clinical laboratories. Response Feedback: EXCELLENT! Projected Profit and loss (P&L) statements Answer Selected Answer: C. is a profit forecast that uses estimated values for volume, price, and costs. Correct Answer: C. is a profit forecast that uses estimated values for volume, price, and costs. Response Feedback: Nice Job! The three legal forms of business are… Answer Selected Answer: A. proprietorship and partnership, corporation, and hybrid. Although each form of organization has its own unique advantages, and disadvantages, most large businesses, and all not-for-profit entities, are organized as corporations. Correct Answer: A. proprietorship and partnership, corporation, and hybrid. Although each form of organization has its own unique advantages, and disadvantages, most large businesses, and all not-for-profit entities, are organized as corporations. Response Feedback: You are doing well. The term Healthcare Finance is Answer Selected Answer: D. the accounting and financial management principles and practices used within health care organization to ensure the financial well being of the enterprise. Correct Answer: D. the accounting and financial management principles and practices used within health care organization to ensure the financial well being of the enterprise. Response Feedback: Nice job! Go on to the next one! Two Fundamental Factors affect a loan’s interest: Answer Selected Answer: A. risk and inflation Correct Answer: A. risk and inflation Response Feedback: Very Good. Cost Allocation Answer Selected Answer: D. is a critical part of the costing process because it addresses the issue of how to assign the costs of support activities to the revenue-producing (patient services) departments. The goal of cost allocation is to assign all cost of an organization to the activities that cause them to be incurred. Correct Answer: D. is a critical part of the costing process because it addresses the issue of how to assign the costs of support activities to the revenue-producing (patient services) departments. The goal of cost allocation is to assign all cost of an organization to the activities that cause them to be incurred.

Ambulatory Care, also known
Answer
Selected Answer:      D. 
as outpatient care, encompasses services provided to non institutional patients. Outpatient settings include medical practices, hospital outpatient departments, ambulatory surgery centers, urgent care centers, diagnostic imaging centers, rehabilitation/sports medicine centers, and clinical laboratories.
Correct Answer:      D. 
as outpatient care, encompasses services provided to non institutional patients. Outpatient settings include medical practices, hospital outpatient departments, ambulatory surgery centers, urgent care centers, diagnostic imaging centers, rehabilitation/sports medicine centers, and clinical laboratories.
Response Feedback:     EXCELLENT!


Projected Profit and loss (P&L) statements
Answer
Selected Answer:      C. 
is a profit forecast that uses estimated values for volume, price, and costs.
Correct Answer:      C. 
is a profit forecast that uses estimated values for volume, price, and costs.
Response Feedback:     Nice Job!


The three legal forms of business are…
Answer
Selected Answer:      A. 
proprietorship and partnership, corporation, and hybrid. Although each form of organization has its own unique advantages, and disadvantages, most large businesses, and all not-for-profit entities, are organized as corporations.
Correct Answer:      A. 
proprietorship and partnership, corporation, and hybrid. Although each form of organization has its own unique advantages, and disadvantages, most large businesses, and all not-for-profit entities, are organized as corporations.
Response Feedback:     You are doing well.


The term Healthcare Finance is 
Answer
Selected Answer:      D. 
the accounting and financial management principles and practices used within health care organization to ensure the financial well being of the enterprise.
Correct Answer:      D. 
the accounting and financial management principles and practices used within health care organization to ensure the financial well being of the enterprise.
Response Feedback:     Nice job! Go on to the next one!


Two Fundamental Factors affect a loan’s interest:
Answer
Selected Answer:      A. 
risk and inflation
Correct Answer:      A. 
risk and inflation
Response Feedback:     Very Good.


 Cost Allocation
Answer
Selected Answer:      D. 
is a critical part of the costing process because it addresses the issue of how to assign the costs of support activities to the revenue-producing (patient services) departments. The goal of cost allocation is to assign all cost of an organization to the activities that cause them to be incurred.
Correct Answer:      D. 
is a critical part of the costing process because it addresses the issue of how to assign the costs of support activities to the revenue-producing (patient services) departments. The goal of cost allocation is to assign all cost of an organization to the activities that cause them to be incurred.