HCAD 760 QUESTIONS AND ANSWERS
The major provisions of the Patient Protection and Affordable Care Act of 2010 were? -
Answer -A. Banning of preexisting condition coverage limitations
B. Medicaid expansion
C. Free preventive care
In a not-for-profit hospital, the following are example(s) of a stakeholder. - Answer -A.
Employee
B. Community
C. Vendor
Stockholders have all of the following right(s)... - Answer -A. A possible dividend and/or
capital gains.
B. Claim on residual liquidation proceeds
C. Right of control
Which of the following statements about finance, accounting, and financial management
is most correct? - Answer -Financial management provides the theory, concepts, and
tools necessary to help managers make better financial decisions
What is a DISADVANTAGE of being a corporation? - Answer -A. External reporting
B. Cost of Formation
C. Double taxation
What is NOT an advantage of a proprietorship? - Answer -A. Unlimited liability
B. Difficult to transfer ownership
C. Limited life
Medicare Part A is what kind of coverage? - Answer -Hospitals and some inpatient
nursing services
Providers were reimbursed for "actual" costs is what kind of payment method? -
Answer -Cost-Based
Payment is (usually) made on a per member per month basis is what kind of payment
method? - Answer -Capitation
Payers pay based off of pre-determined "chargemaster." These payments are usually
discounted up to 20% to 50% is what kind of payment method? - Answer -Charge-
Based
The major provisions of the Patient Protection and Affordable Care Act of 2010 were? -
Answer -A. Banning of preexisting condition coverage limitations
B. Medicaid expansion
C. Free preventive care
In a not-for-profit hospital, the following are example(s) of a stakeholder. - Answer -A.
Employee
B. Community
C. Vendor
Stockholders have all of the following right(s)... - Answer -A. A possible dividend and/or
capital gains.
B. Claim on residual liquidation proceeds
C. Right of control
Which of the following statements about finance, accounting, and financial management
is most correct? - Answer -Financial management provides the theory, concepts, and
tools necessary to help managers make better financial decisions
What is a DISADVANTAGE of being a corporation? - Answer -A. External reporting
B. Cost of Formation
C. Double taxation
What is NOT an advantage of a proprietorship? - Answer -A. Unlimited liability
B. Difficult to transfer ownership
C. Limited life
Medicare Part A is what kind of coverage? - Answer -Hospitals and some inpatient
nursing services
Providers were reimbursed for "actual" costs is what kind of payment method? -
Answer -Cost-Based
Payment is (usually) made on a per member per month basis is what kind of payment
method? - Answer -Capitation
Payers pay based off of pre-determined "chargemaster." These payments are usually
discounted up to 20% to 50% is what kind of payment method? - Answer -Charge-
Based
