HFMA's CSAF 2025 COMPLETE
EXAM QUESTIONS AND ANSWERS
GRADED A+
Contribution Margin - Correct answer-Difference between marginal revenue and
marginal cost.
Break-even point - Correct answer-Level of sales volume of a product producing
the exact amount of contribution margin needed to cover fixed costs.
Overhead - Correct answer-Indirect Costs
Activity-based costing (ABC) - Correct answer-Method of determining product
costs using cost drivers or activity measures, which cause indirect costs to be
incurred.
Three main types of Cost standards. - Correct answer-Predetermined (Synthetic),
Negotiated (Historical), and Customized (Engineered)
Four Types of Individual Cost behaviors - Correct answer-Variable, Fixed Cost
Pattern, Semi-Variable Cost Pattern, Semi-Fixed or Stepped Variable
©COPYRIGHT 2025, ALL RIGHTS RESERVED 1
, Three Principal Types of expense variances - Correct answer-Price, Volume, and
Efficiency
The 4 Primary payment methods used in managed care - Correct answer-Fee-for-
Service, Per Diem Rate, Case Rate, Capitation
Healthcare providers should develop different modeling tools depending on -
Correct answer-the reimbursement method proposed in the contract
The general categories of provider excess loss insurance are - Correct answer-per-
person, aggregate, and carve-out.
A Strategic Plan allows organizations to - Correct answer-have a clear plan as to
why they are in business and how they can stay in business in the future.
The main types of control budgets include - Correct answer-operating, capital, and
cash.
A budgeting process develops assumptions for the following: - Correct answer-
Admissions, ALOS, Expense per visit, Inflation on expense, FTE per visit,
Productivity on FTE per visit, Labor cost per FTE, Net Rev per visit
Operating budget's statistical factors include - Correct answer-Historical statistics,
Historical relationship of department volume, anticipated effects of new programs,
clinical practice patters, covered lives in global payment risk programs, changes in
©COPYRIGHT 2025, ALL RIGHTS RESERVED 2
EXAM QUESTIONS AND ANSWERS
GRADED A+
Contribution Margin - Correct answer-Difference between marginal revenue and
marginal cost.
Break-even point - Correct answer-Level of sales volume of a product producing
the exact amount of contribution margin needed to cover fixed costs.
Overhead - Correct answer-Indirect Costs
Activity-based costing (ABC) - Correct answer-Method of determining product
costs using cost drivers or activity measures, which cause indirect costs to be
incurred.
Three main types of Cost standards. - Correct answer-Predetermined (Synthetic),
Negotiated (Historical), and Customized (Engineered)
Four Types of Individual Cost behaviors - Correct answer-Variable, Fixed Cost
Pattern, Semi-Variable Cost Pattern, Semi-Fixed or Stepped Variable
©COPYRIGHT 2025, ALL RIGHTS RESERVED 1
, Three Principal Types of expense variances - Correct answer-Price, Volume, and
Efficiency
The 4 Primary payment methods used in managed care - Correct answer-Fee-for-
Service, Per Diem Rate, Case Rate, Capitation
Healthcare providers should develop different modeling tools depending on -
Correct answer-the reimbursement method proposed in the contract
The general categories of provider excess loss insurance are - Correct answer-per-
person, aggregate, and carve-out.
A Strategic Plan allows organizations to - Correct answer-have a clear plan as to
why they are in business and how they can stay in business in the future.
The main types of control budgets include - Correct answer-operating, capital, and
cash.
A budgeting process develops assumptions for the following: - Correct answer-
Admissions, ALOS, Expense per visit, Inflation on expense, FTE per visit,
Productivity on FTE per visit, Labor cost per FTE, Net Rev per visit
Operating budget's statistical factors include - Correct answer-Historical statistics,
Historical relationship of department volume, anticipated effects of new programs,
clinical practice patters, covered lives in global payment risk programs, changes in
©COPYRIGHT 2025, ALL RIGHTS RESERVED 2
