LSUS MHA 706 MIDTERM /FINANCIAL MANAGEMENT MIDTERM/ LATEST 2024 WITH ACTUAL QUESTIONS AND CORRECT VERIFIED ANSWERS

LSUS MHA 706 MIDTERM /FINANCIAL MANAGEMENT MIDTERM/ LATEST 2024 WITH ACTUAL QUESTIONS AND CORRECT VERIFIED ANSWERS 1. The major provisions of the Patient Protection & Affordable Care Act of 2010 were? 2. Which of the following statement(s) about the finance department a t large healthcare orga- nizations is/are correct? 3. In a not-for-profit hospital, the following are example(s) of a stakeholder. 4. Stockholders have all of the following right(s)... 5. Which of the following statements about fi- nance accounting, and financial management is most correct? -Banning of preexisting condition coverage limita- tions -Free preventative care -Medicaid expansion -The CFO typically reports directly to the chief execu- tive officer (CEO) -The CFO is usually as- sisted by a comptroller and treasurer -The department is head- ed by the chief finan- cial officer (CFO) (some- times called the vice pres- ident-finance) -Vendor -Employee -Community -Claim on residual liquida- tion proceeds -Right of control -A possible dividend and/or capital gains Financial management provides the theory, con- cepts, and tools neces- sary to help managers make better financial deci- sions. 6. External reporting What is a DISADVAN- TAGE of being a corpora- tion?