MHA 706- Opoku HEALTHCARE
FINANCE EXAM REVISION
QUESTIONS AND CORRECT
ANSWERS GRADED A+ FOR 2026
ASSURED EXCEL!!
HEALTHCARE FINANCE EXAM REVISION MATERIAL (PART V)
Patient Protection and Affordable Care Act (ACA) 2010
1. Major Provisions of the ACA
CORRECT ANSWERS:
• Free preventive care
• Banning of preexisting condition coverage limitations
• Medicaid expansion
Finance Department Structure
2. Finance Department at Large Healthcare Organizations
CORRECT ANSWERS:
• Department headed by the Chief Financial Officer (CFO)
• CFO is assisted by a Comptroller and Treasurer
• CFO typically reports directly to the Chief Executive Officer (CEO)
Stakeholders
3. Stakeholders in a Not-for-Profit Hospital
CORRECT ANSWERS:
• Vendor
, • Employee
• Community
Stockholder Rights
4. Stockholders Have the Following Rights
CORRECT ANSWERS:
• Right of control
• Claim on residual liquidation proceeds
• Possible dividend and/or capital gains
Finance, Accounting & Financial Management
5. Most Correct Statement
CORRECT ANSWER:
Financial management provides the theory, concepts, and tools necessary to help managers
make better financial decisions.
Business Organizations
6. Disadvantage of Being a Corporation
CORRECT ANSWER:
External reporting
7. Finance Activities
CORRECT ANSWERS:
• Financial reporting
• Financing decisions
• Planning and budgeting
FINANCE EXAM REVISION
QUESTIONS AND CORRECT
ANSWERS GRADED A+ FOR 2026
ASSURED EXCEL!!
HEALTHCARE FINANCE EXAM REVISION MATERIAL (PART V)
Patient Protection and Affordable Care Act (ACA) 2010
1. Major Provisions of the ACA
CORRECT ANSWERS:
• Free preventive care
• Banning of preexisting condition coverage limitations
• Medicaid expansion
Finance Department Structure
2. Finance Department at Large Healthcare Organizations
CORRECT ANSWERS:
• Department headed by the Chief Financial Officer (CFO)
• CFO is assisted by a Comptroller and Treasurer
• CFO typically reports directly to the Chief Executive Officer (CEO)
Stakeholders
3. Stakeholders in a Not-for-Profit Hospital
CORRECT ANSWERS:
• Vendor
, • Employee
• Community
Stockholder Rights
4. Stockholders Have the Following Rights
CORRECT ANSWERS:
• Right of control
• Claim on residual liquidation proceeds
• Possible dividend and/or capital gains
Finance, Accounting & Financial Management
5. Most Correct Statement
CORRECT ANSWER:
Financial management provides the theory, concepts, and tools necessary to help managers
make better financial decisions.
Business Organizations
6. Disadvantage of Being a Corporation
CORRECT ANSWER:
External reporting
7. Finance Activities
CORRECT ANSWERS:
• Financial reporting
• Financing decisions
• Planning and budgeting
