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MHA 706- Opoku HEALTHCARE FINANCE EXAM REVISION QUESTIONS AND CORRECT ANSWERS GRADED A+ FOR 2026 ASSURED EXCEL!!

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MHA 706- Opoku HEALTHCARE FINANCE EXAM REVISION QUESTIONS AND CORRECT ANSWERS GRADED A+ FOR 2026 ASSURED EXCEL!!

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MHA 706- Opoku HEALTHCARE
FINANCE EXAM REVISION
QUESTIONS AND CORRECT
ANSWERS GRADED A+ FOR 2026
ASSURED EXCEL!!
HEALTHCARE FINANCE EXAM REVISION MATERIAL (PART V)

Patient Protection and Affordable Care Act (ACA) 2010

1. Major Provisions of the ACA

CORRECT ANSWERS:

• Free preventive care

• Banning of preexisting condition coverage limitations

• Medicaid expansion



Finance Department Structure

2. Finance Department at Large Healthcare Organizations

CORRECT ANSWERS:

• Department headed by the Chief Financial Officer (CFO)

• CFO is assisted by a Comptroller and Treasurer

• CFO typically reports directly to the Chief Executive Officer (CEO)



Stakeholders

3. Stakeholders in a Not-for-Profit Hospital

CORRECT ANSWERS:

• Vendor

, • Employee

• Community



Stockholder Rights

4. Stockholders Have the Following Rights

CORRECT ANSWERS:

• Right of control

• Claim on residual liquidation proceeds

• Possible dividend and/or capital gains



Finance, Accounting & Financial Management

5. Most Correct Statement

CORRECT ANSWER:
Financial management provides the theory, concepts, and tools necessary to help managers
make better financial decisions.



Business Organizations

6. Disadvantage of Being a Corporation

CORRECT ANSWER:
External reporting



7. Finance Activities

CORRECT ANSWERS:

• Financial reporting

• Financing decisions

• Planning and budgeting

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