HFMA CSAF EXAM 2 COMPREHENSIVE TEST
2026 QUESTIONS WITH SOLUTIONS GRADED
A+
◉ Break-even point. Answer: Level of sales volume of a product
producing the exact amount of contribution margin needed to cover
fixed costs.
◉ Overhead. Answer: Indirect Costs
◉ Activity-based costing (ABC). Answer: Method of determining
product costs using cost drivers or activity measures, which cause
indirect costs to be incurred.
◉ Three main types of Cost standards.. Answer: Predetermined
(Synthetic), Negotiated (Historical), and Customized (Engineered)
◉ Four Types of Individual Cost behaviors. Answer: Variable, Fixed
Cost Pattern, Semi-Variable Cost Pattern, Semi-Fixed or Stepped
Variable
◉ Three Principal Types of expense variances. Answer: Price,
Volume, and Efficiency
,◉ The 4 Primary payment methods used in managed care. Answer:
Fee-for-Service, Per Diem Rate, Case Rate, Capitation
◉ Healthcare providers should develop different modeling tools
depending on. Answer: the reimbursement method proposed in the
contract
◉ The general categories of provider excess loss insurance are.
Answer: per-person, aggregate, and carve-out.
◉ A Strategic Plan allows organizations to. Answer: have a clear plan
as to why they are in business and how they can stay in business in
the future.
◉ The main types of control budgets include. Answer: operating,
capital, and cash.
◉ A budgeting process develops assumptions for the following:.
Answer: Admissions, ALOS, Expense per visit, Inflation on expense,
FTE per visit, Productivity on FTE per visit, Labor cost per FTE, Net
Rev per visit
◉ Operating budget's statistical factors include. Answer: Historical
statistics, Historical relationship of department volume, anticipated
, effects of new programs, clinical practice patters, covered lives in
global payment risk programs, changes in regulatory environment,
technical developments, process improvements, marketing efforts,
demographic trends
◉ The primary purpose of measuring productivity is. Answer: for
management to determine if resources are being used efficiently
◉ Budget types include. Answer: fixed and flexible
◉ The four budget variances used to explain by cause are. Answer:
Volume, rate (charged), price (of a supply), and efficiency (cost per
procedure).
◉ Three common Capital Evaluation techniques. Answer: Payback,
Net Present Value Method, Return on Investment
◉ Users of ratio analysis. Answer: Board of Directors, Management,
Health Systems Agencies, Creditors, Employee Unions, Rate
Regulators
◉ The categories of ratios used. Answer: Profitability Ratios,
Liquidity Ratios, Activity Ratios, Capital Structure Ratios
2026 QUESTIONS WITH SOLUTIONS GRADED
A+
◉ Break-even point. Answer: Level of sales volume of a product
producing the exact amount of contribution margin needed to cover
fixed costs.
◉ Overhead. Answer: Indirect Costs
◉ Activity-based costing (ABC). Answer: Method of determining
product costs using cost drivers or activity measures, which cause
indirect costs to be incurred.
◉ Three main types of Cost standards.. Answer: Predetermined
(Synthetic), Negotiated (Historical), and Customized (Engineered)
◉ Four Types of Individual Cost behaviors. Answer: Variable, Fixed
Cost Pattern, Semi-Variable Cost Pattern, Semi-Fixed or Stepped
Variable
◉ Three Principal Types of expense variances. Answer: Price,
Volume, and Efficiency
,◉ The 4 Primary payment methods used in managed care. Answer:
Fee-for-Service, Per Diem Rate, Case Rate, Capitation
◉ Healthcare providers should develop different modeling tools
depending on. Answer: the reimbursement method proposed in the
contract
◉ The general categories of provider excess loss insurance are.
Answer: per-person, aggregate, and carve-out.
◉ A Strategic Plan allows organizations to. Answer: have a clear plan
as to why they are in business and how they can stay in business in
the future.
◉ The main types of control budgets include. Answer: operating,
capital, and cash.
◉ A budgeting process develops assumptions for the following:.
Answer: Admissions, ALOS, Expense per visit, Inflation on expense,
FTE per visit, Productivity on FTE per visit, Labor cost per FTE, Net
Rev per visit
◉ Operating budget's statistical factors include. Answer: Historical
statistics, Historical relationship of department volume, anticipated
, effects of new programs, clinical practice patters, covered lives in
global payment risk programs, changes in regulatory environment,
technical developments, process improvements, marketing efforts,
demographic trends
◉ The primary purpose of measuring productivity is. Answer: for
management to determine if resources are being used efficiently
◉ Budget types include. Answer: fixed and flexible
◉ The four budget variances used to explain by cause are. Answer:
Volume, rate (charged), price (of a supply), and efficiency (cost per
procedure).
◉ Three common Capital Evaluation techniques. Answer: Payback,
Net Present Value Method, Return on Investment
◉ Users of ratio analysis. Answer: Board of Directors, Management,
Health Systems Agencies, Creditors, Employee Unions, Rate
Regulators
◉ The categories of ratios used. Answer: Profitability Ratios,
Liquidity Ratios, Activity Ratios, Capital Structure Ratios
