LSUS MHA 706 Questions with Verified
Correct Answers
The major provisions of the Patient Protection & Affordable Care Act of 2010 were?
-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?
-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.
-Vendor
-Employee
-Community
Stockholders have all of the following right(s)...
-Claim on residual liquidation proceeds
-Right of control
-A possible dividend and/or capital gains
Which of the following statements about finance accounting, and financial management
is most correct?
, Financial management provides the theory, concepts, and tools necessary to help managers
make better financial decisions.
External reporting
What is a DISADVANTAGE of being a corporation?
Facilities management
Which of the following are not finance activities?
What is NOT a advantage of proprietorship?
Unlimited liability
A not-for-profit corporation can also be called a 529(b).
False
The primary goal of investor-owned corporations is shareholder wealth maximization.
True
Copayments
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.
Coinsurance
Requires an individual to pay for a certain percentage of the eligible medical expenses.
Adverse selection
Individuals at greater risk of needing health care are more likely to purchase insurance.
Deductibles
Correct Answers
The major provisions of the Patient Protection & Affordable Care Act of 2010 were?
-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?
-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.
-Vendor
-Employee
-Community
Stockholders have all of the following right(s)...
-Claim on residual liquidation proceeds
-Right of control
-A possible dividend and/or capital gains
Which of the following statements about finance accounting, and financial management
is most correct?
, Financial management provides the theory, concepts, and tools necessary to help managers
make better financial decisions.
External reporting
What is a DISADVANTAGE of being a corporation?
Facilities management
Which of the following are not finance activities?
What is NOT a advantage of proprietorship?
Unlimited liability
A not-for-profit corporation can also be called a 529(b).
False
The primary goal of investor-owned corporations is shareholder wealth maximization.
True
Copayments
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.
Coinsurance
Requires an individual to pay for a certain percentage of the eligible medical expenses.
Adverse selection
Individuals at greater risk of needing health care are more likely to purchase insurance.
Deductibles
