The Health Care Executive Exam Newest 2026 Questions and
Correct Detailed Answers Already Graded A+|Assured
Success
1) The chief financial officer (CFO) oversees the fiscal support functions, such as
management of accounts payable, payroll, cash flow, budgeting, financial
performance monitoring and reporting, bank reconciliations and relationships,
purchasing, resident funds, and __________.
A.
Utilities consumption
B.
Inventory control
C.
Accounts receivable
D.
Corporate compliance - CORRECT ANSWER-C. Accounts receivable
2.
One of the biggest expenses in all senior care services is the costs associated with
labor, including basic wages and overtime pay, paid time off, temporary
supplemental staff, training, and __________.
,A.
Employer payroll taxes
B.
Health insurance
C.
Uniforms
D.
Transportation - CORRECT ANSWER-A. Employer payroll taxes
3.
An operating budget includes both variable and __________ expenses.
A.
Flexible
B.
Time-limited
C.
Fixed
D.
Unanticipated - CORRECT ANSWER-C. Fixed
,4.
Capital budgeting is planning for large purchases that __________.
A.
Replace assets reaching the end of their useful lives
B.
Expand building capacity or equipment capability
C.
Require an accompanying maintenance contract
D.
Have a useful life of over a year - CORRECT ANSWER-D. Have a useful life of
over a year
5.
Which of the following items would likely appear in a capital budget?
A.
One-year supply of paper towels
B.
Telephone system
, C.
Lawn care contract
D.
Vehicle lease - CORRECT ANSWER-B. Telephone system
6.
Borrowing money and repaying the principal with interest is a form of capital
acquisition known as __________ financing.
A.
Equity
B.
Risk
C.
Debt
D.
Loan - CORRECT ANSWER-C. Debt
7.
__________ financing calls for capital sources to invest in an organization in
exchange for part ownership.
Correct Detailed Answers Already Graded A+|Assured
Success
1) The chief financial officer (CFO) oversees the fiscal support functions, such as
management of accounts payable, payroll, cash flow, budgeting, financial
performance monitoring and reporting, bank reconciliations and relationships,
purchasing, resident funds, and __________.
A.
Utilities consumption
B.
Inventory control
C.
Accounts receivable
D.
Corporate compliance - CORRECT ANSWER-C. Accounts receivable
2.
One of the biggest expenses in all senior care services is the costs associated with
labor, including basic wages and overtime pay, paid time off, temporary
supplemental staff, training, and __________.
,A.
Employer payroll taxes
B.
Health insurance
C.
Uniforms
D.
Transportation - CORRECT ANSWER-A. Employer payroll taxes
3.
An operating budget includes both variable and __________ expenses.
A.
Flexible
B.
Time-limited
C.
Fixed
D.
Unanticipated - CORRECT ANSWER-C. Fixed
,4.
Capital budgeting is planning for large purchases that __________.
A.
Replace assets reaching the end of their useful lives
B.
Expand building capacity or equipment capability
C.
Require an accompanying maintenance contract
D.
Have a useful life of over a year - CORRECT ANSWER-D. Have a useful life of
over a year
5.
Which of the following items would likely appear in a capital budget?
A.
One-year supply of paper towels
B.
Telephone system
, C.
Lawn care contract
D.
Vehicle lease - CORRECT ANSWER-B. Telephone system
6.
Borrowing money and repaying the principal with interest is a form of capital
acquisition known as __________ financing.
A.
Equity
B.
Risk
C.
Debt
D.
Loan - CORRECT ANSWER-C. Debt
7.
__________ financing calls for capital sources to invest in an organization in
exchange for part ownership.
