MHA 706 MIDTERM QUIZ STUDY GUIDE EXAM QUESTIONS
AND ANSWERS WITH COMPLETE SOLUTIONS VERIFIED
2024/2025
The major provisions of the Patient Protection and Affordable care act of 2010
were?
Medicaid expansion, banning of preexisting condition coverage limitations, free
preventive care
Which of the following statements about the finance department at large
healthcare organizations is/are correct?
The CFO usually is assisted by a comptroller and treasurer/reports directly to the
CEO/headed by CFO or VP
In a not for profit hospital, the following are examples of a stakeholder
Community; employee; vendor
Stockholders have all the following rights
Right of control/claim on residual liquidation proceeds/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.
What is a disadvantage of being a corporation?
External reporting
, Which of the following are not finance activities?
Facilities management
What is Not an advantage of a 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
Individuals at greater risk of needing health care are more likely to purchase
insurance
Adverse selection
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
Copayments
The amount that must be paid out of pocket by the policyholder before an
insurance provider will pay any expenses
Deductibles
Requires an individual to pay for a certain percentage of the eligible medical
expenses
Coinsurance
The risk of overuse of health services because the injured does not bear the full
cost of the consequences
AND ANSWERS WITH COMPLETE SOLUTIONS VERIFIED
2024/2025
The major provisions of the Patient Protection and Affordable care act of 2010
were?
Medicaid expansion, banning of preexisting condition coverage limitations, free
preventive care
Which of the following statements about the finance department at large
healthcare organizations is/are correct?
The CFO usually is assisted by a comptroller and treasurer/reports directly to the
CEO/headed by CFO or VP
In a not for profit hospital, the following are examples of a stakeholder
Community; employee; vendor
Stockholders have all the following rights
Right of control/claim on residual liquidation proceeds/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.
What is a disadvantage of being a corporation?
External reporting
, Which of the following are not finance activities?
Facilities management
What is Not an advantage of a 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
Individuals at greater risk of needing health care are more likely to purchase
insurance
Adverse selection
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
Copayments
The amount that must be paid out of pocket by the policyholder before an
insurance provider will pay any expenses
Deductibles
Requires an individual to pay for a certain percentage of the eligible medical
expenses
Coinsurance
The risk of overuse of health services because the injured does not bear the full
cost of the consequences
