MODULE 1 QUIZZES WITH
ANSWERS!!
The major provisions of the Patient Protection and Affordable Care Act of 2010
were? - ANSWERA. Banning of preexisting condition coverage limitations
B. Medicaid expansion
C. Free preventive care
True or False: A not-for-profit corporation can also be called a 529(b). -
ANSWERFalse
True or False: The primary goal of investor-owned corporations is shareholder
wealth maximization. - ANSWERTrue
Individuals at greater risk of needing health care are more likely to purchase
insurance is an example of what? - ANSWERAdverse Selection
The risk of overuse of health services because the insured does not bear the full cost
of the consequences is an example of what? - ANSWERMoral Hazard
Which of the following statement(s) about the finance department at large healthcare
organizations is/are correct? - ANSWERA. The department is headed by the chief
financial officer (CFO) (sometimes called the vice president-finance)
B. The CFO usually is assisted by a comptroller and treasurer.
C. 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. -
ANSWERA. Employee
B. Community
C. Vendor
Stockholders have all of the following right(s)... - ANSWERA. A possible dividend
and/or capital gains.
B. Claim on residual liquidation proceeds
C. Right of control
Which of the following statements about finance, accounting, and financial
management is most correct? - ANSWERFinancial management provides the
theory, concepts, and tools necessary to help managers make better financial
decisions
What is a DISADVANTAGE of being a corporation? - ANSWERExternal reporting
Which of the following are not finance activities? - ANSWERFacilities management
What is NOT an advantage of a proprietorship? - ANSWERUnlimited liability
ANSWERS!!
The major provisions of the Patient Protection and Affordable Care Act of 2010
were? - ANSWERA. Banning of preexisting condition coverage limitations
B. Medicaid expansion
C. Free preventive care
True or False: A not-for-profit corporation can also be called a 529(b). -
ANSWERFalse
True or False: The primary goal of investor-owned corporations is shareholder
wealth maximization. - ANSWERTrue
Individuals at greater risk of needing health care are more likely to purchase
insurance is an example of what? - ANSWERAdverse Selection
The risk of overuse of health services because the insured does not bear the full cost
of the consequences is an example of what? - ANSWERMoral Hazard
Which of the following statement(s) about the finance department at large healthcare
organizations is/are correct? - ANSWERA. The department is headed by the chief
financial officer (CFO) (sometimes called the vice president-finance)
B. The CFO usually is assisted by a comptroller and treasurer.
C. 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. -
ANSWERA. Employee
B. Community
C. Vendor
Stockholders have all of the following right(s)... - ANSWERA. A possible dividend
and/or capital gains.
B. Claim on residual liquidation proceeds
C. Right of control
Which of the following statements about finance, accounting, and financial
management is most correct? - ANSWERFinancial management provides the
theory, concepts, and tools necessary to help managers make better financial
decisions
What is a DISADVANTAGE of being a corporation? - ANSWERExternal reporting
Which of the following are not finance activities? - ANSWERFacilities management
What is NOT an advantage of a proprietorship? - ANSWERUnlimited liability
