MHA 706 - Module 1 Quiz with verified answers
graded A+ updated to pass
1. The major provisions of the Patient a. Free preventative
Pro- tection and Affordable Care Act b. Medicaid expansion
of 2010 were: c. Banning of preexisting condition
coverage limitations
2. T/F CFO usually is assisted by a comptrol- TRUE
ler and treasurer
3. T/F The department is headed by TRUE
the CFO sometimes called the
VP-finance
TRUE
4. T/F The CFO typically reports
directly to the chief executive
officer (CEO)
5. In a not-for-profit hospital, the following employee, vendor, and
community
are example(s) of a stakeholder:
6. Stakeholders have the right(s): a. Right of control
b. A possible dividend and/or capital gain
c. Claim on residual liquidation proceeds
7. provides the theory, concepts, and Financial management
tools necessary to help managers
make bet- ter financial decisions.
8. What is a disadvantage of being a corpo- external reporting
ration?
9. What are finance activities: a. Planning and budgeting
b. Financing decisions
c. Financial reporting
1/
7
, MHA 706 - Module 1 Quiz with verified answers
graded A+ updated to pass
10. What is an advantage of proprietorship? a. No corporate income taxes
b. Ease of formation
2/
7
graded A+ updated to pass
1. The major provisions of the Patient a. Free preventative
Pro- tection and Affordable Care Act b. Medicaid expansion
of 2010 were: c. Banning of preexisting condition
coverage limitations
2. T/F CFO usually is assisted by a comptrol- TRUE
ler and treasurer
3. T/F The department is headed by TRUE
the CFO sometimes called the
VP-finance
TRUE
4. T/F The CFO typically reports
directly to the chief executive
officer (CEO)
5. In a not-for-profit hospital, the following employee, vendor, and
community
are example(s) of a stakeholder:
6. Stakeholders have the right(s): a. Right of control
b. A possible dividend and/or capital gain
c. Claim on residual liquidation proceeds
7. provides the theory, concepts, and Financial management
tools necessary to help managers
make bet- ter financial decisions.
8. What is a disadvantage of being a corpo- external reporting
ration?
9. What are finance activities: a. Planning and budgeting
b. Financing decisions
c. Financial reporting
1/
7
, MHA 706 - Module 1 Quiz with verified answers
graded A+ updated to pass
10. What is an advantage of proprietorship? a. No corporate income taxes
b. Ease of formation
2/
7
