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LSUS MHA 706 MIDTERM EXAM –
Q’S AND A’S
Question : The major provisions of the Patient Protection
& Affordable Care Act of 2010 were?
CORRECT ANSWER: -Banning of preexisting
condition coverage limitations -Free preventative care -Medicaid expansion
Question : Which of the following statement(s) about the
finance department a t large healthcare organizations is/are correct?-The CFO typically reports directly to the chief executive officer (CEO) -The CFO is usually assisted by a comptroller and treasurer -The department is headed by the chief financial officer (CFO) (sometimes called the vice president-finance)
CORRECT ANSWER: We have an expert-written
solution to this problem!
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Question : In a not-for-profit hospital, the following are
example(s) of a stakeholder.-Vendor -Employee -Community
CORRECT ANSWER: -Vendor
-Employee -Community
Question : Stockholders have all of the following
right(s)...-Claim on residual liquidation proceeds -Right of control -A possible dividend and/or capital gains
CORRECT ANSWER: -Claim on residual liquidation
proceeds -Right of control -A possible dividend and/or capital gains
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Question : Which of the following statements about
finance accounting, and financial management is most correct?
CORRECT ANSWER: Financial management provides
the theory, concepts, and tools necessary to help managers make better financial decisions.
Question : External reporting
CORRECT ANSWE R: What is a DISADVANTAGE of
being a corporation?
Question : Facilities management
CORRECT ANSWER: Which of the following are not
finance activities?
Question : What is NOT a advantage of proprietorship?
CORRECT ANSWER: Unlimited liability
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Question : A not-for-profit corporation can also be called
a 529(b).
CORRECT ANSWER: False
Question : The primary goal of investor-owned
corporations is shareholder wealth maximization.
CORRECT ANSWER: True
Question : Copayments
CORRECT ANSWER: The fixed amount for a covered
service that the insurer mandates that the patient pay to the provider before the patient receives service from the provider.
Question : Coinsurance
CORRECT ANSWER: Requires an individual to pay
for a certain percentage of the eligible medical expenses.