HEA 478 - Strategic Management in Healthcare » Fall 2021 » Chapter 9 Quiz
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Question #1
Break-even analysis includes
A.
an appropriately determined discount rate
B.
liquid and non-liquid assets
C.
payback analysis
D.
fixed and variable costs
Question #2
An organization that is highly financially leveraged has
A.
a high debt-to-assets ratio
B.
a low operating margin
C.
a high current ratio
D.
a positive net margin
Question #3
All of the following are major problems with net present value except
A.
the finite amount of available capital
B.
accurately determining future cash flows
C.
determining an accurate discount rate
D.
accounting for nonfinancial, mission-based reasons
Question #4
Operating statements include all of the following except
A.
depreciation
B.
revenues
C.
asset values
D.
personnel expenses
Question #5
Return on assets is a
A.
activity ratio
B.
profitability ratio
C.
liquidity ratio
D.
debt ratio
Question #6
Why would an organization want to have a short average payment period?
A.
It encourages vendors to provide higher discounts.
B.
It indicates positive cash flow.
C.
It frees up cash for other purposes.
D.
It lowers discount rates.
Question #7
Appropriate liquidity enables an organization to
A.
understand the amount of debt needed to fund long-term projects
B.
minimize the amount of interest it can earn on its invested monies
C.
meet its short-term financial obligations and carry out planned financial transactions
D.
quickly sell almost all of its assets if threatened with bankruptcy
Question #8
Variable costs
A.
always increase with volume increases
B.
always decrease with volume decreases
C.
change only within a range of volume.
D.
change in correlation with fixed costs.
Question #9
A major difference between operating margin and net margin is that net margin accounts for
A.
depreciation
B.
arbitrage
C.
all revenue sources
D.
cash flows
Question #10
A key aspect of net present value is
A.
accounting for depreciation
B.
time value of money
C.
salvage values
D.
unequal cash flows
Question #11
Which of the following is a measure of liquidity?
A.
Debt-to-asset ratio
B.
Acid or quick ratio
C.
Asset turnover
D.
Operating margin
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