The major provisions of the Patient Protection and Affordable Care Act of
2010 were: - ANSWER-a. Free preventative
b. Medicaid expansion
c. Banning of preexisting condition coverage limitations
T/F CFO usually is assisted by a comptroller and treasurer - ANSWER-TRUE
T/F The department is headed by the CFO sometimes called the VP-finance -
ANSWER-TRUE
T/F The CFO typically reports directly to the chief executive officer (CEO) -
ANSWER-TRUE
, The amount that must be paid out of pocket by the policyholder before an
insurance provider will pay any expenses - ANSWER-deductible
Individuals at greater risk of needing health care are more likely to purchase
insurance - ANSWER-adverse selection
The risk of overuse of health services because the insured does not bear the
full cost of consequences - ANSWER-moral hazard
What is a disadvantage of being a corporation? - ANSWER-external reporting
What are finance activities: - ANSWER-a. Planning and budgeting
b. Financing decisions
c. Financial reporting
What is an advantage of proprietorship? - ANSWER-a. No corporate income
taxes
b. Ease of formation
T/F A not-for-profit corporation can also be called 529 (b): - ANSWER-FALSE
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