MHA 706 - Module 1 QUESTIONS AND
ANSWERS 2026 UPDATE - 100% CORRECT
The major provisions of the Patient Protection and Affordable
Care Act of 2010 were: - Correct Answers ✅a. Free
preventative
b. Medicaid expansion
c. Banning of preexisting condition coverage limitations
T/F CFO usually is assisted by a comptroller and treasurer -
Correct Answers ✅TRUE
T/F The department is headed by the CFO sometimes called
the VP-finance - Correct Answers ✅TRUE
T/F The CFO typically reports directly to the chief executive
officer (CEO) - Correct Answers ✅TRUE
In a not-for-profit hospital, the following are example(s) of a
stakeholder: - Correct Answers ✅employee, vendor, and
community
Stakeholders have the right(s): - Correct Answers ✅a.
Right of control
b. A possible dividend and/or capital gain
c. Claim on residual liquidation proceeds
, MHA 706 - Module 1 QUESTIONS AND
ANSWERS 2026 UPDATE - 100% CORRECT
provides the theory, concepts, and tools necessary to help
managers make better financial decisions. - Correct
Answers ✅Financial management
What is a disadvantage of being a corporation? - Correct
Answers ✅external reporting
What are finance activities: - Correct Answers ✅a. Planning
and budgeting
b. Financing decisions
c. Financial reporting
What is an advantage of proprietorship? - Correct Answers
✅a. No corporate income taxes
b. Ease of formation
T/F A not-for-profit corporation can also be called 529 (b): -
Correct Answers ✅FALSE
T/F The primary goal of investor-owned corporations is
shareholder wealth maximation: - Correct Answers ✅TRUE
The amount that must be paid out of pocket by the
policyholder before an insurance provider will pay any
expenses - Correct Answers ✅deductible
ANSWERS 2026 UPDATE - 100% CORRECT
The major provisions of the Patient Protection and Affordable
Care Act of 2010 were: - Correct Answers ✅a. Free
preventative
b. Medicaid expansion
c. Banning of preexisting condition coverage limitations
T/F CFO usually is assisted by a comptroller and treasurer -
Correct Answers ✅TRUE
T/F The department is headed by the CFO sometimes called
the VP-finance - Correct Answers ✅TRUE
T/F The CFO typically reports directly to the chief executive
officer (CEO) - Correct Answers ✅TRUE
In a not-for-profit hospital, the following are example(s) of a
stakeholder: - Correct Answers ✅employee, vendor, and
community
Stakeholders have the right(s): - Correct Answers ✅a.
Right of control
b. A possible dividend and/or capital gain
c. Claim on residual liquidation proceeds
, MHA 706 - Module 1 QUESTIONS AND
ANSWERS 2026 UPDATE - 100% CORRECT
provides the theory, concepts, and tools necessary to help
managers make better financial decisions. - Correct
Answers ✅Financial management
What is a disadvantage of being a corporation? - Correct
Answers ✅external reporting
What are finance activities: - Correct Answers ✅a. Planning
and budgeting
b. Financing decisions
c. Financial reporting
What is an advantage of proprietorship? - Correct Answers
✅a. No corporate income taxes
b. Ease of formation
T/F A not-for-profit corporation can also be called 529 (b): -
Correct Answers ✅FALSE
T/F The primary goal of investor-owned corporations is
shareholder wealth maximation: - Correct Answers ✅TRUE
The amount that must be paid out of pocket by the
policyholder before an insurance provider will pay any
expenses - Correct Answers ✅deductible
