HSMA 4055 QUIZ 1 REVIEW QUESTIONS AND ANSWERS
Which of the following statements about regulatory and legal issues is most correct? - CORRECT
ANSWER✅✅For most providers, the primary legal concern is professional liability.
Those with generous insurance plans tend to utilize health care resources therefore to rein in costs; the
ACA limits insurance companies to spend percentages of premiums on reimbursable services and
activities. - CORRECT ANSWER✅✅True
ACA stipulates which of the following entities are eligible to participate as ACOs: - CORRECT
ANSWER✅✅All the above
The U.S. government is a major stakeholder and participant in health care as payer, provider, and
supporter of research, education, and training - CORRECT ANSWER✅✅True
The ACA positively impacted nurses by expanding opportunities in which of the following - CORRECT
ANSWER✅✅created a grant program to support nurse-managed health centers
funding for expansion of nursing workforce development programs
A and B
The ACA is to be phased in over 10 years. The initial impetus and primary focus of the ACA was -
CORRECT ANSWER✅✅All of the above
Which of the following statements about finance, accounting, or financial management is most correct?
- CORRECT ANSWER✅✅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 is not a finance activity? - CORRECT ANSWER✅✅Facilities management
Key stakeholders in the health care system include providers, nurses, suppliers, hospitals, and retail
clinics. - CORRECT ANSWER✅✅True
Which of the following statements about regulatory and legal issues is most correct? - CORRECT
ANSWER✅✅For most providers, the primary legal concern is professional liability.
Those with generous insurance plans tend to utilize health care resources therefore to rein in costs; the
ACA limits insurance companies to spend percentages of premiums on reimbursable services and
activities. - CORRECT ANSWER✅✅True
ACA stipulates which of the following entities are eligible to participate as ACOs: - CORRECT
ANSWER✅✅All the above
The U.S. government is a major stakeholder and participant in health care as payer, provider, and
supporter of research, education, and training - CORRECT ANSWER✅✅True
The ACA positively impacted nurses by expanding opportunities in which of the following - CORRECT
ANSWER✅✅created a grant program to support nurse-managed health centers
funding for expansion of nursing workforce development programs
A and B
The ACA is to be phased in over 10 years. The initial impetus and primary focus of the ACA was -
CORRECT ANSWER✅✅All of the above
Which of the following statements about finance, accounting, or financial management is most correct?
- CORRECT ANSWER✅✅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 is not a finance activity? - CORRECT ANSWER✅✅Facilities management
Key stakeholders in the health care system include providers, nurses, suppliers, hospitals, and retail
clinics. - CORRECT ANSWER✅✅True
