9/2/25, 11:30 AM FINRA SERIES 7
HSA 464 Test 3 Practice Exam Newest 2025/2026 With
Complete Questions And Correct Answers |Already
Graded A+||Brand New Version!|
An organization incurs when it extends credit to patients after providing services.
carrying costs...
An organization incurs for billing and collecting during the organization's average
credit-and- collection payment cycle.
costs...
An organization incurs when patients do not pay on time.
delinquency costs...
The objective of revenue reduce the collection period.
cycle management is
to...
Which of the following is an -It gives employees direction through policies and procedures.
advantage of having an -It reduces the risk of losing assets through errors.
internal control system?
-that an organization is using the right coding resources
A coding compliance plan -that the HIM department is conducting periodic training for all
should ensure... coders
-continuous development and revision of coding policies.
An organization's credit -Charity care, bad debt, and self-pay
and collection policies -Billing procedures
address which of the
following issues?
When an organization uses a payers mail payments directly to a bank, which deposits the
lock box procedure for money.
depositing payments...
Financing accounts receivable converting outstanding accounts receivable into cash for short-
involves... term obligations.
When an organization factors sells its receivables to a bank or other agency at a discount
its accounts receivables, the
organization...
1/11
, 9/2/25, 11:30 AM FINRA SERIES 7
When an organization pledges uses its receivables as collateral for a loan.
its accounts receivable, the
organization...
The average collection the average amount of time an organization takes to collect a bill
period ratio
measures...
Chapter 12: Managing Materials
Materials management is management and control of services, inventory, and equipment.
defined as the...
Materials management can be Administration and patient care
classified in which two
ways?
Inventory management is the... management and control of inventory
Where do costs related -current asset on the balance sheet
to inventory appear on -expenses on the statement of revenues and expenses
an organization's
financial
statements? (THIS
QUESTION WILL BE
DIFFERENT ON TEST)
-are the costs associated with holding an inventory of items
Carrying costs...
-include a holding cost
Chapter 10: Managing Working Capital
Working capital is defined as sum of a healthcare organization's investment in current assets.
the...
Examples of current assets prepaid expenses
include...
Liquidity refers to... how quickly an asset can be converted into cash.
-Organizations are able to pay their employees and
vendors on time, thereby maintaining a positive
What are the advantages
relationship.
of having sufficient &
working capital on hand? -Organizations have sufficient resources to repay loans
and are therefore creditworthy.
Where does initial working The sale of stock
2/11
HSA 464 Test 3 Practice Exam Newest 2025/2026 With
Complete Questions And Correct Answers |Already
Graded A+||Brand New Version!|
An organization incurs when it extends credit to patients after providing services.
carrying costs...
An organization incurs for billing and collecting during the organization's average
credit-and- collection payment cycle.
costs...
An organization incurs when patients do not pay on time.
delinquency costs...
The objective of revenue reduce the collection period.
cycle management is
to...
Which of the following is an -It gives employees direction through policies and procedures.
advantage of having an -It reduces the risk of losing assets through errors.
internal control system?
-that an organization is using the right coding resources
A coding compliance plan -that the HIM department is conducting periodic training for all
should ensure... coders
-continuous development and revision of coding policies.
An organization's credit -Charity care, bad debt, and self-pay
and collection policies -Billing procedures
address which of the
following issues?
When an organization uses a payers mail payments directly to a bank, which deposits the
lock box procedure for money.
depositing payments...
Financing accounts receivable converting outstanding accounts receivable into cash for short-
involves... term obligations.
When an organization factors sells its receivables to a bank or other agency at a discount
its accounts receivables, the
organization...
1/11
, 9/2/25, 11:30 AM FINRA SERIES 7
When an organization pledges uses its receivables as collateral for a loan.
its accounts receivable, the
organization...
The average collection the average amount of time an organization takes to collect a bill
period ratio
measures...
Chapter 12: Managing Materials
Materials management is management and control of services, inventory, and equipment.
defined as the...
Materials management can be Administration and patient care
classified in which two
ways?
Inventory management is the... management and control of inventory
Where do costs related -current asset on the balance sheet
to inventory appear on -expenses on the statement of revenues and expenses
an organization's
financial
statements? (THIS
QUESTION WILL BE
DIFFERENT ON TEST)
-are the costs associated with holding an inventory of items
Carrying costs...
-include a holding cost
Chapter 10: Managing Working Capital
Working capital is defined as sum of a healthcare organization's investment in current assets.
the...
Examples of current assets prepaid expenses
include...
Liquidity refers to... how quickly an asset can be converted into cash.
-Organizations are able to pay their employees and
vendors on time, thereby maintaining a positive
What are the advantages
relationship.
of having sufficient &
working capital on hand? -Organizations have sufficient resources to repay loans
and are therefore creditworthy.
Where does initial working The sale of stock
2/11
