HCM 416 MIDTERM EXAM QUESTIONS AND ANSWERS
WITH COMPLETE SOLUTIONS GRADED A++
a right to company product discounts
Pick the answer that does NOT belong.
Stockholders have....
false
A not-for-profit corporation can also be called a 529(b).
true
The primary goal of investor-owned corporations is shareholder wealth maximization.
To reduce coverage for 10 essential health benefits
What was NOT one of the major provisions of the Patient Protection and Affordable
Care Act of 2010?
A mobile trailer/bus that travels to individuals to deliver care
A medical home is all of the following BUT .....
unlimited liability
What is NOT an advantage of a proprietorship?
Financial management provides the theory, concepts, and tools necessary to
help managers make better financial decisions
Which of the following statements about finance, accounting, and financial management
is most correct?
, Facilities Management
Which of the following are not finance activities?
a, b, and c are correct
Which of the following statements about the finance department at large healthcare
organizations is most correct?
pooling of losses, risk transfer, Payment only for random (unforeseen and
unexpected) losses
For insurance to "work," it must have these basic characteristics. Select all answers that
apply.
Indemnification
Which one of these answers, is NOT a problem that arises when dealing with
insurance?
community ratings
Under the ACA, insurers are required to use ....
Medicare part A- covers hospital and some skilled nursing home coverage
Medicare part B- covers physician services, ambulatory, outpatient, other
Medicare part C- medicare advantage
Medicare part D- covers prescriptions
Please match the Medicare major coverage (Part A, B, C, D) to the best explanation for
them.
charge base, cost base, perspective payments
Under the broad category of fee-for-service (FFS), what are the three main types of fee-
for-service methodologies that were discussed in class? Select all answers that apply.
WITH COMPLETE SOLUTIONS GRADED A++
a right to company product discounts
Pick the answer that does NOT belong.
Stockholders have....
false
A not-for-profit corporation can also be called a 529(b).
true
The primary goal of investor-owned corporations is shareholder wealth maximization.
To reduce coverage for 10 essential health benefits
What was NOT one of the major provisions of the Patient Protection and Affordable
Care Act of 2010?
A mobile trailer/bus that travels to individuals to deliver care
A medical home is all of the following BUT .....
unlimited liability
What is NOT an advantage of a proprietorship?
Financial management provides the theory, concepts, and tools necessary to
help managers make better financial decisions
Which of the following statements about finance, accounting, and financial management
is most correct?
, Facilities Management
Which of the following are not finance activities?
a, b, and c are correct
Which of the following statements about the finance department at large healthcare
organizations is most correct?
pooling of losses, risk transfer, Payment only for random (unforeseen and
unexpected) losses
For insurance to "work," it must have these basic characteristics. Select all answers that
apply.
Indemnification
Which one of these answers, is NOT a problem that arises when dealing with
insurance?
community ratings
Under the ACA, insurers are required to use ....
Medicare part A- covers hospital and some skilled nursing home coverage
Medicare part B- covers physician services, ambulatory, outpatient, other
Medicare part C- medicare advantage
Medicare part D- covers prescriptions
Please match the Medicare major coverage (Part A, B, C, D) to the best explanation for
them.
charge base, cost base, perspective payments
Under the broad category of fee-for-service (FFS), what are the three main types of fee-
for-service methodologies that were discussed in class? Select all answers that apply.
