LSUS MHA 706 Midterm
1. The major provisions of the Patient Protection -Banning of preexisting condition
& Affordable Care Act of 2010 were? coverage limitations
-Free preventative care
-Medicaid expansion
2. Which of the following statement(s) about the -The CFO typically reports directly to
finance department a t large healthcare orga- the chief executive oflcer (CEO)
nizations is/are correct? -The CFO is usually assisted by a
comptroller and treasurer
-The department is headed by the
chief financial oflcer (CFO) (some-
times called the vice president-fi-
nance)
3. In a not-for-profit hospital, the following are -Vendor
example(s) of a stakeholder. -Employee
-Community
4. Stockholders have all of the following right(s)... -Claim on residual liquidation pro-
ceeds
-Right of control
-A possible dividend and/or capital
gains
5. Which of the following statements about fi- Financial management provides the
nance accounting, and financial management theory, concepts, and tools necessary
is most correct? to help managers make better finan-
cial decisions.
6. External reporting What is a DISADVANTAGE of being a
corporation?
7. Facilities management
, LSUS MHA 706 Midterm
Which of the following are not finance
activities?
8. What is NOT a advantage of proprietorship? Unlimited liability
9. A not-for-profit corporation can also be called False
a 529(b).
10. The primary goal of investor-owned corpora- True
tions is shareholder wealth maximization.
11. Copayments The fixed amount for a covered ser-
vice that the insurer mandates that
the patient pay to the provider before
the patient receives service from the
provider.
12. Coinsurance Requires an individual to pay for
a certain percentage of the eligible
medical expenses.
13. Adverse selection Individuals at greater risk of needing
health care are more likely to pur-
chase insurance.
14. Deductibles The amount that must be paid out of
pocket by the policyholder before an
insurance provider will pay any ex-
penses.
15. Moral hazard The risk of overuse of health services
because the insured does not bear
the full cost of the consequences.
1. The major provisions of the Patient Protection -Banning of preexisting condition
& Affordable Care Act of 2010 were? coverage limitations
-Free preventative care
-Medicaid expansion
2. Which of the following statement(s) about the -The CFO typically reports directly to
finance department a t large healthcare orga- the chief executive oflcer (CEO)
nizations is/are correct? -The CFO is usually assisted by a
comptroller and treasurer
-The department is headed by the
chief financial oflcer (CFO) (some-
times called the vice president-fi-
nance)
3. In a not-for-profit hospital, the following are -Vendor
example(s) of a stakeholder. -Employee
-Community
4. Stockholders have all of the following right(s)... -Claim on residual liquidation pro-
ceeds
-Right of control
-A possible dividend and/or capital
gains
5. Which of the following statements about fi- Financial management provides the
nance accounting, and financial management theory, concepts, and tools necessary
is most correct? to help managers make better finan-
cial decisions.
6. External reporting What is a DISADVANTAGE of being a
corporation?
7. Facilities management
, LSUS MHA 706 Midterm
Which of the following are not finance
activities?
8. What is NOT a advantage of proprietorship? Unlimited liability
9. A not-for-profit corporation can also be called False
a 529(b).
10. The primary goal of investor-owned corpora- True
tions is shareholder wealth maximization.
11. Copayments The fixed amount for a covered ser-
vice that the insurer mandates that
the patient pay to the provider before
the patient receives service from the
provider.
12. Coinsurance Requires an individual to pay for
a certain percentage of the eligible
medical expenses.
13. Adverse selection Individuals at greater risk of needing
health care are more likely to pur-
chase insurance.
14. Deductibles The amount that must be paid out of
pocket by the policyholder before an
insurance provider will pay any ex-
penses.
15. Moral hazard The risk of overuse of health services
because the insured does not bear
the full cost of the consequences.
