MHA 710 UPDATED EXAMS TEST PAPER
QUESTIONS AND ANSWERS SURE A+
✔✔By the time a drug enters the clinical trial phase of testing on humans,
a.an average of five years of the overall patent life has already expired.
b. its approval is virtually assured.
c. it has already completed most of the investment in research and development.
d. the only step left in the process is testing to see if the drug accomplishes its intended
purpose.
e. its safety and effectiveness are no longer major concerns. - ✔✔an average of five
years of the overall patent life has already expired.
✔✔On average, biopharmaceutical companies spend approximately what percentage of
their sales revenue on research and development?
a. 25-30 percent
b. 5-10 percent
c. 20-25 percent
d. 15-20 percent
e. 10-15 percent - ✔✔15-20 percent
✔✔Which benefits are provided through Part A of Medicare?
a. Medicare Advantage (MA)
b. Medical hospital insurance
, c. Outpatient prescription drug insurance
d. Supplemental medical insurance - ✔✔Medical hospital insurance
✔✔For Part A coverage of Medicare, the patient pays a deductible approximately equal
to the cost of the first day in the hospital; Medicare pays
a. for days 2-30.
b. for days 2-60.
c. for days 2-90.
d. for the remainder of the hospital stay, however long it may be.
6. - ✔✔for days 2-60
✔✔Participation in Part B of Medicare is
a. applicable to supplemental hospital payments.
b. applicable to nursing home stays
c. voluntary.
d. involuntary.
e. none of the above. - ✔✔voluntary
✔✔Which of the following services is covered under Part B of Medicare?
a. Dental care
b. Days 2 through 60 of a hospital stay
c. Emergency room services
d. The first day of a hospital stay - ✔✔Emergency room services
✔✔How do individuals enroll in Part A of Medicare?
a. Individuals must first enroll in Part B in order to be considered for Part A.
b. Individuals are automatically enrolled on their 65th birthday as long as they or their
spouse has paid into the Social Security system for 10 years.
c. Enrollment is based on physician recommendation.
d. Enrollment is voluntary and must be requested through the Centers for Medicare and
Medicaid Services (CMS). - ✔✔Individuals are automatically enrolled on their 65th
birthday as long as they or their spouse has paid into the Social Security system for 10
years.
✔✔Medicare and Medicaid were enacted by the Johnson administration in 1965 as
amendments to which federal law already in existence?
a. Employee Retirement and Income Security Act
b. Welfare Act of 1960
c. Social Security Act
d. Managed Care Act
e. Equal Rights Act - ✔✔Social Security Act
✔✔Price controls are a common feature in the pharmaceutical industry in most
developed countries. Which one of the following statements about price controls is true?
a. Canada's use of price ceilings has become the standard practice across Europe.
QUESTIONS AND ANSWERS SURE A+
✔✔By the time a drug enters the clinical trial phase of testing on humans,
a.an average of five years of the overall patent life has already expired.
b. its approval is virtually assured.
c. it has already completed most of the investment in research and development.
d. the only step left in the process is testing to see if the drug accomplishes its intended
purpose.
e. its safety and effectiveness are no longer major concerns. - ✔✔an average of five
years of the overall patent life has already expired.
✔✔On average, biopharmaceutical companies spend approximately what percentage of
their sales revenue on research and development?
a. 25-30 percent
b. 5-10 percent
c. 20-25 percent
d. 15-20 percent
e. 10-15 percent - ✔✔15-20 percent
✔✔Which benefits are provided through Part A of Medicare?
a. Medicare Advantage (MA)
b. Medical hospital insurance
, c. Outpatient prescription drug insurance
d. Supplemental medical insurance - ✔✔Medical hospital insurance
✔✔For Part A coverage of Medicare, the patient pays a deductible approximately equal
to the cost of the first day in the hospital; Medicare pays
a. for days 2-30.
b. for days 2-60.
c. for days 2-90.
d. for the remainder of the hospital stay, however long it may be.
6. - ✔✔for days 2-60
✔✔Participation in Part B of Medicare is
a. applicable to supplemental hospital payments.
b. applicable to nursing home stays
c. voluntary.
d. involuntary.
e. none of the above. - ✔✔voluntary
✔✔Which of the following services is covered under Part B of Medicare?
a. Dental care
b. Days 2 through 60 of a hospital stay
c. Emergency room services
d. The first day of a hospital stay - ✔✔Emergency room services
✔✔How do individuals enroll in Part A of Medicare?
a. Individuals must first enroll in Part B in order to be considered for Part A.
b. Individuals are automatically enrolled on their 65th birthday as long as they or their
spouse has paid into the Social Security system for 10 years.
c. Enrollment is based on physician recommendation.
d. Enrollment is voluntary and must be requested through the Centers for Medicare and
Medicaid Services (CMS). - ✔✔Individuals are automatically enrolled on their 65th
birthday as long as they or their spouse has paid into the Social Security system for 10
years.
✔✔Medicare and Medicaid were enacted by the Johnson administration in 1965 as
amendments to which federal law already in existence?
a. Employee Retirement and Income Security Act
b. Welfare Act of 1960
c. Social Security Act
d. Managed Care Act
e. Equal Rights Act - ✔✔Social Security Act
✔✔Price controls are a common feature in the pharmaceutical industry in most
developed countries. Which one of the following statements about price controls is true?
a. Canada's use of price ceilings has become the standard practice across Europe.
