To operate, any business Answer Selected Answer: C. must have assets; to acquire assets, the business must raise the capital. Capital comes in two basic forms: debt and equity. Correct Answer: C. must have assets; to acquire assets, the business must raise the capital. Capital comes in two basic forms: debt and equity. Response Feedback: Nice. The Strategic Plan Answer Selected Answer: A. which provides broad guidance for the future is the foundation of any organization’s planning process. Correct Answer: A. which provides broad guidance for the future is the foundation of any organization’s planning process. A Variance Answer Selected Answer: C. is the difference between a budgeted (planned) value, or standard, and the actual (realized) value. Variance analysis examines differences between budgeted and actual amounts with the goal of finding out why things went either badly or well. Correct Answer: C. is the difference between a budgeted (planned) value, or standard, and the actual (realized) value. Variance analysis examines differences between budgeted and actual amounts with the goal of finding out why things went either badly or well. Response Feedback: Bravo. Contribution Margin is the difference Answer Selected Answer: B. between unit price and variable cost rate, or per unit revenue minus per unit variable cost. Thus, contribution margin is the per unit dollar amount available to cover an organization’s fixed costs and then to contribute to profit. Correct Answer: B. between unit price and variable cost rate, or per unit revenue minus per unit variable cost. Thus, contribution margin is the per unit dollar amount available to cover an organization’s fixed costs and then to contribute to profit. Profit analysis Answer Selected Answer: A. sometimes called cost-volume-profit (CVP) analysis, is an analytical technique to determine the effects of volume changes on revenues, costs, and profit. Correct Answer: A. sometimes called cost-volume-profit (CVP) analysis, is an analytical technique to determine the effects of volume changes on revenues, costs, and profit. Response Feedback: Great! The primary Role of Finance in health Care Answer Selected Answer: A. As in all business, is to plan for, acquire, and use resources to maximize the efficiency and value of the enterprise. Correct Answer: A. As in all business, is to plan for, acquire, and use resources to maximize the efficiency and value of the enterprise. Response Feedback: Nice job you are doing well! Insurers are classified Answer Selected Answer: B. as either private or public (governmental). The major private insurers are Blue Cross and Blue Shield, commercial insurers, and self-insurers. Correct Answer: B. as either private or public (governmental). The major private insurers are Blue Cross and Blue Shield, commercial insurers, and self-insurers.

To operate, any business
Answer
Selected Answer:      C. 
must have assets; to acquire assets, the business must raise the capital. Capital comes in two basic forms: debt and equity.
Correct Answer:      C. 
must have assets; to acquire assets, the business must raise the capital. Capital comes in two basic forms: debt and equity.
Response Feedback:     Nice.


The Strategic Plan
Answer
Selected Answer:      A. 
which provides broad guidance for the future is the foundation of any organization’s planning process.
Correct Answer:      A. 
which provides broad guidance for the future is the foundation of any organization’s planning process.


A Variance
Answer
Selected Answer:      C. 
is the difference between a budgeted (planned) value, or standard, and the actual (realized) value. Variance analysis examines differences between budgeted and actual amounts with the goal of finding out why things went either badly or well.
Correct Answer:      C. 
is the difference between a budgeted (planned) value, or standard, and the actual (realized) value. Variance analysis examines differences between budgeted and actual amounts with the goal of finding out why things went either badly or well.
Response Feedback:     Bravo.


Contribution Margin is the difference
Answer
Selected Answer:      B. 
between unit price and variable cost rate, or per unit revenue minus per unit variable cost. Thus, contribution margin is the per unit dollar amount available to cover an organization’s fixed costs and then to contribute to profit.
Correct Answer:      B. 
between unit price and variable cost rate, or per unit revenue minus per unit variable cost. Thus, contribution margin is the per unit dollar amount available to cover an organization’s fixed costs and then to contribute to profit.


Profit analysis
Answer
Selected Answer:      A. 
sometimes called cost-volume-profit (CVP) analysis, is an analytical technique to determine the effects of volume changes on revenues, costs, and profit.
Correct Answer:      A. 
sometimes called cost-volume-profit (CVP) analysis, is an analytical technique to determine the effects of volume changes on revenues, costs, and profit.
Response Feedback:     Great!


The primary Role of Finance in health Care
Answer
Selected Answer:      A. 
As in all business, is to plan for, acquire, and use resources to maximize the efficiency and value of the enterprise.
Correct Answer:      A. 
As in all business, is to plan for, acquire, and use resources to maximize the efficiency and value of the enterprise.
Response Feedback:     Nice job you are doing well!


Insurers are classified
Answer
Selected Answer:      B. 
as either private or public (governmental). The major private insurers are Blue Cross and Blue Shield, commercial insurers, and self-insurers.
Correct Answer:      B. 
as either private or public (governmental). The major private insurers are Blue Cross and Blue Shield, commercial insurers, and self-insurers.