Exam Questions Chapter 10 Page Financial Responsibilities - Management Physical Therapy 2e Test Bank with Solutions by Catherine G. Page. DOCX document preview.
Chapter 10: Financial Responsibilities
Multiple Choice:
1. Which of the following best describes the financial responsibility of a typical mid-level manager in healthcare settings?
A. Total responsibility
B. No responsibility
C. Limited to controlling costs
D. Budget implementation
2. Assets minus liabilities equals?
A. Net worth
B. Net debts
C. Net profits
D. Net deficits
3. The actual space that a physical therapy practice occupies is considered a real property asset when:
A. It is owned
B. It is leased
C. It is mortgaged
4. What is the key consideration for locating an outpatient physical therapy practice?
A. Access
B. Safety
C. Rental costs
D. Public transportation
5. Which of the following is known as an income tax deduction that allows the taxpayer to recover the costs of owned property or other assets placed in service over time that have a determinable useful life?
A. Deductible
B. Depreciation
C. Deficit reduction
D. De-amortization
6. For physical therapy practices, how are costs usually determined?
A. Costs per fiscal year
B. Costs per month
C. Costs per patient visit
D. Costs per patient
7. Labor costs in physical therapy practices are typically what kind of costs?
A. Fixed
B. Semi-fixed
C. Variable
D. Semi-variable
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Management Physical Therapy 2e Test Bank with Solutions
By Catherine G. Page