ch 1 quiz Exam Questions and Answers
Graded A+
The major provisions of the Patient Protection and Affordable Care Act of 2010
were?
Select one or more:
a. Banning of preexisting condition coverage limitations
b. Free preventive care Correct! Free preventive care was a goal of the ACA.
c. Medicaid expansion Correct! Medicaid expansion for low income individuals
was a goal of the ACA.
d. To reduce coverage for 10 essential health benefits - Correct answer-A, B, C
Select all of the appropriate response(s)
Which of the following statement(s) about the finance department at large
healthcare organizations is/are correct?
©COPYRIGHT 2025, ALL RIGHTS RESERVED 1
, Select one or more:
a. The CFO typically reports to the COO
b. The CFO usually is assisted by a comptroller and treasurer.
c. The department is headed by the chief financial officer (CFO) (sometimes called
the vice president-finance)
d. The CFO typically reports directly to the chief executive officer (CEO). -
Correct answer-B,C,D
Select all of the appropriate response(s)
In a not-for-profit hospital, the following are example(s) of a stakeholder.
Select one or more:
a. Stockholders
b. Community The community could benefit from the presence of a not-for-profit
organization
©COPYRIGHT 2025, ALL RIGHTS RESERVED 2
Graded A+
The major provisions of the Patient Protection and Affordable Care Act of 2010
were?
Select one or more:
a. Banning of preexisting condition coverage limitations
b. Free preventive care Correct! Free preventive care was a goal of the ACA.
c. Medicaid expansion Correct! Medicaid expansion for low income individuals
was a goal of the ACA.
d. To reduce coverage for 10 essential health benefits - Correct answer-A, B, C
Select all of the appropriate response(s)
Which of the following statement(s) about the finance department at large
healthcare organizations is/are correct?
©COPYRIGHT 2025, ALL RIGHTS RESERVED 1
, Select one or more:
a. The CFO typically reports to the COO
b. The CFO usually is assisted by a comptroller and treasurer.
c. The department is headed by the chief financial officer (CFO) (sometimes called
the vice president-finance)
d. The CFO typically reports directly to the chief executive officer (CEO). -
Correct answer-B,C,D
Select all of the appropriate response(s)
In a not-for-profit hospital, the following are example(s) of a stakeholder.
Select one or more:
a. Stockholders
b. Community The community could benefit from the presence of a not-for-profit
organization
©COPYRIGHT 2025, ALL RIGHTS RESERVED 2