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MHA 706 - Module 1 Quiz Exam – Questions and Answers 2024
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MHA 706 - Module 1 Quiz Exam – Questions and Answers 2024
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MHA 706 - Module 1 Quiz Exam – Questionsand Answers 2024
The major provisions of the Patient Protection and Affordable Care Act of
2010 were: - -a. Free preventative
b. Medicaid expansion
c. Banning of preexisting condition coverage limitations
-T/F CFO usually is assisted by a comptroller and treasurer - -TRUE
-T/F The department is headed by the CFO sometimes called the VP-finance
- -TRUE
-T/F The CFO typically reports directly to the chief executive officer (CEO) - -
TRUE
-In a not-for-profit hospital, the following are example(s) of a stakeholder: - -
employee, vendor, and community
-Stakeholders have the right(s): - -a. Right of control
b. A possible dividend and/or capital gain
c. Claim on residual liquidation proceeds
-provides the theory, concepts, and tools necessary to help managers make
better financial decisions. - -Financial management
-What is a disadvantage of being a corporation? - -external reporting
-What are finance activities: - -a. Planning and budgeting
b. Financing decisions
c. Financial reporting
-What is an advantage of proprietorship? - -a. No corporate income taxes
b. Ease of formation
-T/F A not-for-profit corporation can also be called 529 (b): - -FALSE
-T/F The primary goal of investor-owned corporations is shareholder wealth
maximation: - -TRUE
-The amount that must be paid out of pocket by the policyholder before an
insurance provider will pay any expenses - -deductible
-Individuals at greater risk of needing health care are more likely to
purchase insurance - -adverse selection
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