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Test Bank (Download Now) For United States Health Care System 3rd Edition by Austin ISBN: 9780134297798

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Test Bank (Download Now) United States Health Care System 3rd Edition by Austin ISBN: 9780134297798

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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