Healthcare Finance Practice Exam 1
With Questions And Correct Verified
Answers | Assured Pass | Newest 2026
| Already Graded A+ | Brand New
Version !!!!!!
Which of the following statements about Medicare reimbursement of physicians is most
correct? - CORRECTANSWER The payment is based on relative value units (RVUs).
Pay-for-performance (P4P) plans typically ________________________________. -
CORRECTANSWER reward providers for meeting specified quality (and sometimes cost)
standards
True or false: Form 990 is a report filed with state regulators that is used to rank hospitals based
on patient satisfaction. - CORRECTANSWER False
Which of the following statements about not-for-profit corporations is most correct? -
CORRECTANSWER They can issue tax-exempt (municipal) debt
True or false: Because the organizational and financial goals of for-profit and not-for-profit
provider organizations differ, their financial decision-making processes lead to very different
decisions. - CORRECTANSWER False
, Assume that John Richards pays income taxes at a 30 percent rate. He currently owns a not-for-
profit (municipal) bond that pays 5 percent interest. What interest rate would have to be set on
a for-profit (corporate) bond to produce the same amount of usable (after-tax) income? -
CORRECTANSWER 7.1 percent
True or false: The four Cs (character, capability, charisma, and courtesy) as described in the
textbook summarize the attributes needed to be a good financial manager. - CORRECTANSWER
False
From a provider's perspective, which of the following third-party payment methods has
utilization risk? - CORRECTANSWER Capitation
Which of the following statements about coding is incorrect? - CORRECTANSWER Coders
typically are registered nurses who receive special training
True or false: Moral hazard is the risk that a health insurer will not pay for covered services. -
CORRECTANSWER False
True or false: The primary goal of not-for-profit corporations is expressed in a mission statement
and often involves service to the community. - CORRECTANSWER True
Which of the following statements about finance, accounting, or financial management is most
correct? - CORRECTANSWER The primary role of finance is to plan for, acquire, and use
resources to maximize the efficiency (and value) of the enterprise.
Which of the following statements about the legal forms of for-profit business organization is
most correct? - CORRECTANSWER Corporations have the advantage of limited liability to
owners.
With Questions And Correct Verified
Answers | Assured Pass | Newest 2026
| Already Graded A+ | Brand New
Version !!!!!!
Which of the following statements about Medicare reimbursement of physicians is most
correct? - CORRECTANSWER The payment is based on relative value units (RVUs).
Pay-for-performance (P4P) plans typically ________________________________. -
CORRECTANSWER reward providers for meeting specified quality (and sometimes cost)
standards
True or false: Form 990 is a report filed with state regulators that is used to rank hospitals based
on patient satisfaction. - CORRECTANSWER False
Which of the following statements about not-for-profit corporations is most correct? -
CORRECTANSWER They can issue tax-exempt (municipal) debt
True or false: Because the organizational and financial goals of for-profit and not-for-profit
provider organizations differ, their financial decision-making processes lead to very different
decisions. - CORRECTANSWER False
, Assume that John Richards pays income taxes at a 30 percent rate. He currently owns a not-for-
profit (municipal) bond that pays 5 percent interest. What interest rate would have to be set on
a for-profit (corporate) bond to produce the same amount of usable (after-tax) income? -
CORRECTANSWER 7.1 percent
True or false: The four Cs (character, capability, charisma, and courtesy) as described in the
textbook summarize the attributes needed to be a good financial manager. - CORRECTANSWER
False
From a provider's perspective, which of the following third-party payment methods has
utilization risk? - CORRECTANSWER Capitation
Which of the following statements about coding is incorrect? - CORRECTANSWER Coders
typically are registered nurses who receive special training
True or false: Moral hazard is the risk that a health insurer will not pay for covered services. -
CORRECTANSWER False
True or false: The primary goal of not-for-profit corporations is expressed in a mission statement
and often involves service to the community. - CORRECTANSWER True
Which of the following statements about finance, accounting, or financial management is most
correct? - CORRECTANSWER The primary role of finance is to plan for, acquire, and use
resources to maximize the efficiency (and value) of the enterprise.
Which of the following statements about the legal forms of for-profit business organization is
most correct? - CORRECTANSWER Corporations have the advantage of limited liability to
owners.
