MH60503 TEST

What is the primary role of financial management in healthcare?

• Patient care optimization

• Financial statement preparation

• Healthcare service marketing

• Ensuring financial sustainability

Which of the following is a key purpose of financial statements in healthcare organizations?

• Employee performance evaluation

• Financial performance evaluation

• Clinical decision making

• Patient admission processes

What does the healthcare finance system in Malaysia primarily consist of?

• Public-only healthcare system

• Private-only healthcare system

• A mixed system of public and private sectors

• An employer-based health coverage system

Which country in Asia is known for having a universal healthcare system?

• China

• Malaysia

• Japan

• India

What is the main source of public funding for healthcare in Malaysia?

• Private insurance

• Out-of-pocket payments

• General taxation

• Foreign aid

In healthcare organizations, financial statements are essential for:

• Clinical research

• Patient care quality assessment

• Attracting investors and creditors

• Medical equipment procurement

What is the role of the Ministry of Health in Malaysia's public healthcare system?

• Providing private healthcare services

• Overseeing the public healthcare system

• Financing healthcare through private insurance

• Developing pharmaceuticals

Financial statements help healthcare organizations in:

• Ensuring patient satisfaction

• Meeting regulatory compliance

• Organizing clinical trials

• Managing human resources

Which is a challenge for healthcare finance in developing economies in Asia?

• High levels of government funding

• Over-reliance on technology

• Providing affordable and accessible healthcare

• Excessive private sector involvement

What is the importance of Generally Accepted Accounting Principles (GAAP) in healthcare financial statements?

• To ensure clinical effectiveness

• To maintain consistent financial reporting standards

• To promote medical innovations

• To regulate patient data privacy