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41. True or False: The role of finance in healthcare organizations has increased in importance over time because the finance function must support a multitude
41. True or False: The role of finance in healthcare organizations has increased in importance over time because the finance function must support a multitude of activities such as cost containment, payer negotiations, and joint venture activities. Question 42 True or False: The set of rules and regulations that govern the content and format of financial statements is called Government Acceptable Procedures (GAP) Question 43 True or False: There are several types of managed care organizations (MCOs). Regardless of type, all MC0s have the incentive to reduce utilization. Question 44 True or False: To be most effective, budgets must be thought of as financial staff tools. Question 45 True or False: To minimize the risk associated with debt financing, permanent assets (land, buildings, and equipment) should be financed with long-term debt while temporary assets (such as a seasonal buildup in inventories) should be financed with short-term debt
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