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ch 1 quiz Exam Questions and Answers Graded A+

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ch 1 quiz Exam Questions and Answers Graded A+

Institution
CPFO: Accounting & Financial Reporting
Course
CPFO: Accounting & Financial Reporting

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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

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Institution
CPFO: Accounting & Financial Reporting
Course
CPFO: Accounting & Financial Reporting

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