MHA 706- Opoku Questions and Answers
(Top Grade Assured) 2026 Update
The major provisions of the Patient Protection and Affordable
Care Act of 2010 were? - Correct Answers ✅-Free
preventive care
-Banning of preexisting condition coverage limitations
-Medicaid expansion
Which of the following statement(s) about the finance
department at large healthcare organizations is/are correct? -
Correct Answers ✅-The department is headed by the chief
financial officer (CFO) (sometimes called the vice president-
finance)
-The CFO usually is assisted by a comptroller and treasurer.
-The CFO typically reports directly to the chief executive
officer (CEO).
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 ✅-Right of control
-Claim on residual liquidation proceeds
-A possible dividend and/or capital gains.
, MHA 706- Opoku Questions and Answers
(Top Grade Assured) 2026 Update
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
What is a DISADVANTAGE of being a corporation? - Correct
Answers ✅External reporting
Which of the following are finance activities? - Correct
Answers ✅Financial reporting
Financing decisions
Planning and budgeting
What is NOT an advantage of a 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
deductibles - Correct Answers ✅The amount that must be
paid out of pocket by the policyholder before an insurance
provider will pay any expenses.
(Top Grade Assured) 2026 Update
The major provisions of the Patient Protection and Affordable
Care Act of 2010 were? - Correct Answers ✅-Free
preventive care
-Banning of preexisting condition coverage limitations
-Medicaid expansion
Which of the following statement(s) about the finance
department at large healthcare organizations is/are correct? -
Correct Answers ✅-The department is headed by the chief
financial officer (CFO) (sometimes called the vice president-
finance)
-The CFO usually is assisted by a comptroller and treasurer.
-The CFO typically reports directly to the chief executive
officer (CEO).
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 ✅-Right of control
-Claim on residual liquidation proceeds
-A possible dividend and/or capital gains.
, MHA 706- Opoku Questions and Answers
(Top Grade Assured) 2026 Update
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
What is a DISADVANTAGE of being a corporation? - Correct
Answers ✅External reporting
Which of the following are finance activities? - Correct
Answers ✅Financial reporting
Financing decisions
Planning and budgeting
What is NOT an advantage of a 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
deductibles - Correct Answers ✅The amount that must be
paid out of pocket by the policyholder before an insurance
provider will pay any expenses.
