LSUS MHA 706 Midterm Q & As (Verified
Answers) 2026
The major provisions of the Patient Protection & Affordable
Care Act of 2010 were? - Correct Answers ✅-Banning of
preexisting condition coverage limitations
-Free preventative care
-Medicaid expansion
Which of the following statement(s) about the finance
department a t large healthcare organizations is/are correct?
- Correct Answers ✅-The CFO typically reports directly to
the chief executive officer (CEO)
-The CFO is usually assisted by a comptroller and treasurer
-The department is headed by the chief financial officer (CFO)
(sometimes called the vice president-finance)
In a not-for-profit hospital, the following are example(s) of a
stakeholder. - Correct Answers ✅-Vendor
-Employee
-Community
Stockholders have all of the following right(s)... - Correct
Answers ✅-Claim on residual liquidation proceeds
-Right of control
-A possible dividend and/or capital gains
,LSUS MHA 706 Midterm Q & As (Verified
Answers) 2026
Which of the following statements about finance accounting,
and financial management is most correct? - Correct
Answers ✅Financial management provides the theory,
concepts, and tools necessary to help managers make better
financial decisions.
External reporting - Correct Answers ✅What is a
DISADVANTAGE of being a corporation?
Facilities management - Correct Answers ✅Which of the
following are not finance activities?
What is NOT a advantage of proprietorship? - Correct
Answers ✅Unlimited liability
A not-for-profit corporation can also be called a 529(b). -
Correct Answers ✅False
The primary goal of investor-owned corporations is
shareholder wealth maximization. - Correct Answers ✅True
Copayments - Correct Answers ✅The fixed amount for a
covered service that the insurer mandates that the patient
pay to the provider before the patient receives service from
the provider.
, LSUS MHA 706 Midterm Q & As (Verified
Answers) 2026
Coinsurance - Correct Answers ✅Requires an individual to
pay for a certain percentage of the eligible medical expenses.
Adverse selection - Correct Answers ✅Individuals at
greater risk of needing health care are more likely to
purchase insurance.
Deductibles - Correct Answers ✅The amount that must be
paid out of pocket by the policyholder before an insurance
provider will pay any expenses.
Moral hazard - Correct Answers ✅The risk of overuse of
health services because the insured does not bear the full
cost of the consequences.
Medicare Part B - Correct Answers ✅Covers physician
services, ambulatory surgical services, outpatient services,
and certain other miscellaneous services.
Medicare Part A - Correct Answers ✅Covers hospital and
some skilled nursing coverage
Medicare Part D - Correct Answers ✅Covers prescription
drugs
Answers) 2026
The major provisions of the Patient Protection & Affordable
Care Act of 2010 were? - Correct Answers ✅-Banning of
preexisting condition coverage limitations
-Free preventative care
-Medicaid expansion
Which of the following statement(s) about the finance
department a t large healthcare organizations is/are correct?
- Correct Answers ✅-The CFO typically reports directly to
the chief executive officer (CEO)
-The CFO is usually assisted by a comptroller and treasurer
-The department is headed by the chief financial officer (CFO)
(sometimes called the vice president-finance)
In a not-for-profit hospital, the following are example(s) of a
stakeholder. - Correct Answers ✅-Vendor
-Employee
-Community
Stockholders have all of the following right(s)... - Correct
Answers ✅-Claim on residual liquidation proceeds
-Right of control
-A possible dividend and/or capital gains
,LSUS MHA 706 Midterm Q & As (Verified
Answers) 2026
Which of the following statements about finance accounting,
and financial management is most correct? - Correct
Answers ✅Financial management provides the theory,
concepts, and tools necessary to help managers make better
financial decisions.
External reporting - Correct Answers ✅What is a
DISADVANTAGE of being a corporation?
Facilities management - Correct Answers ✅Which of the
following are not finance activities?
What is NOT a advantage of proprietorship? - Correct
Answers ✅Unlimited liability
A not-for-profit corporation can also be called a 529(b). -
Correct Answers ✅False
The primary goal of investor-owned corporations is
shareholder wealth maximization. - Correct Answers ✅True
Copayments - Correct Answers ✅The fixed amount for a
covered service that the insurer mandates that the patient
pay to the provider before the patient receives service from
the provider.
, LSUS MHA 706 Midterm Q & As (Verified
Answers) 2026
Coinsurance - Correct Answers ✅Requires an individual to
pay for a certain percentage of the eligible medical expenses.
Adverse selection - Correct Answers ✅Individuals at
greater risk of needing health care are more likely to
purchase insurance.
Deductibles - Correct Answers ✅The amount that must be
paid out of pocket by the policyholder before an insurance
provider will pay any expenses.
Moral hazard - Correct Answers ✅The risk of overuse of
health services because the insured does not bear the full
cost of the consequences.
Medicare Part B - Correct Answers ✅Covers physician
services, ambulatory surgical services, outpatient services,
and certain other miscellaneous services.
Medicare Part A - Correct Answers ✅Covers hospital and
some skilled nursing coverage
Medicare Part D - Correct Answers ✅Covers prescription
drugs
