Chapter 07

Chapter 7: Hospitals Quiz

Test your knowledge of the hospitals chapter material!

1 / 10

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

False

True

2 / 10

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

A bond rating report

An IRS Form 990

A SEC document

An audited financial statement

3 / 10

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

False

True

4 / 10

These documents can help illuminate more aspects of for-profit hospitals.

IRS Form 990

Bond rating reports

SEC documents

Audited financial statements

5 / 10

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

True

False

6 / 10

What information can you find on the IRS Form 990?

A hospital’s community benefit spending

Salaries and benefits for top executives

All of these

Board members whose firms get work from the hospital

7 / 10

Which type of hospital is the most common in the U.S.?

For-profit

Nonprofit

Government-owned or public

8 / 10

Which of the following statements is false about nonprofit hospitals?

Nonprofit hospitals predominate in the Northeast and Midwest.

Nonprofit hospitals do not make big profits.

Nonprofit hospitals are tax-exempt.

Nonprofit hospitals must provide “community benefits.”

9 / 10

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

Audited financial statements

IRS Form 990

SEC documents

Bond rating reports

10 / 10

Who would make a good source for a hospital story?

A professor of health policy

All of these

A former hospital administrator

Hospital union leaders

Your score is

The average score is 80%

Hospitals

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