MHA 706 - Module 1 Quiz
The major provisions of the Patient Protection and Affordable Care Act of 2010 were: -
answer a. Free preventative
b. Medicaid expansion
c. Banning of preexisting condition coverage limitations
T/F CFO usually is assisted by a comptroller and treasurer - answer TRUE
T/F The department is headed by the CFO sometimes called the VP-finance - answer
TRUE
T/F The CFO typically reports directly to the chief executive officer (CEO) -
answerTRUE
In a not-for-profit hospital, the following are example(s) of a stakeholder: -
answeremployee, vendor, and community
Stakeholders have the right(s): - answera. Right of control
b. A possible dividend and/or capital gain
c. Claim on residual liquidation proceeds
provides the theory, concepts, and tools necessary to help managers make better
financial decisions. - answerFinancial management
What is a disadvantage of being a corporation? - answerexternal reporting
What are finance activities: - answera. Planning and budgeting
b. Financing decisions
c. Financial reporting
What is an advantage of proprietorship? - answera. No corporate income taxes
b. Ease of formation
T/F A not-for-profit corporation can also be called 529 (b): - answerFALSE
T/F The primary goal of investor-owned corporations is shareholder wealth maximation:
- answerTRUE
The amount that must be paid out of pocket by the policyholder before an insurance
provider will pay any expenses - answerdeductible
The major provisions of the Patient Protection and Affordable Care Act of 2010 were: -
answer a. Free preventative
b. Medicaid expansion
c. Banning of preexisting condition coverage limitations
T/F CFO usually is assisted by a comptroller and treasurer - answer TRUE
T/F The department is headed by the CFO sometimes called the VP-finance - answer
TRUE
T/F The CFO typically reports directly to the chief executive officer (CEO) -
answerTRUE
In a not-for-profit hospital, the following are example(s) of a stakeholder: -
answeremployee, vendor, and community
Stakeholders have the right(s): - answera. Right of control
b. A possible dividend and/or capital gain
c. Claim on residual liquidation proceeds
provides the theory, concepts, and tools necessary to help managers make better
financial decisions. - answerFinancial management
What is a disadvantage of being a corporation? - answerexternal reporting
What are finance activities: - answera. Planning and budgeting
b. Financing decisions
c. Financial reporting
What is an advantage of proprietorship? - answera. No corporate income taxes
b. Ease of formation
T/F A not-for-profit corporation can also be called 529 (b): - answerFALSE
T/F The primary goal of investor-owned corporations is shareholder wealth maximation:
- answerTRUE
The amount that must be paid out of pocket by the policyholder before an insurance
provider will pay any expenses - answerdeductible
