Chapter 07

Hospitals

Test your knowledge

/10

Chapter 7: Hospitals Quiz

Test your knowledge of the hospitals chapter material!

1 / 10

True or false: Nonprofit hospitals are supposed to do charitable things for the community in return for their tax-free status.

2 / 10

This type of document evaluates a hospital’s ongoing business and gauges investors’ risk of being repaid.

3 / 10

Nonprofit hospitals file these public documents annually to justify their tax-free status.

4 / 10

True or false: Nonprofit hospitals’ board members are required to have financial or healthcare experience.

5 / 10

True or false: Hospitals cannot manage stock and bond portfolios.

6 / 10

_______ is the gold standard for assessing a hospital’s overall finances.

7 / 10

True or false: Many hospitals are larger than local governments – in spending and in employees – yet receive far less media attention.

8 / 10

True or false: You shouldn’t try to figure out audited financial statements by yourself when first starting out.

9 / 10

Who would make a good source for a hospital story?

10 / 10

What information can you find on the IRS Form 990?

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