Skip to main content

CHFP Real Exam Questions

Certified Healthcare Financial Professional

315 questions available · Page 1 of 32

Updated Exam DumpsVerified AnswersPass Guarantee

Get Complete Exam Dumps
Question 1 Single choice

Assets limited to use, long-term investments, property and equipment are all categories of:

  1. A

    Current assets

  2. B

    Account investments

  3. C

    Noncurrent assets

  4. D

    None of the above

Show answer and explanation

Correct answer: C

Question 2 Single choice

Total variable cost changes directly and per unit stays variable with a change in activity refers to variable cost.

  1. A

    True

  2. B

    False

Show answer and explanation

Correct answer: B

Question 3 Single choice

An electronic health record or electronic medical record is an electronics capture of all of a patient's encounters and heath information over a short period of time.

  1. A

    True

  2. B

    False

Show answer and explanation

Correct answer: B

Question 4 Single choice

The formula to calculate product margin is:

  1. A

    Total contribution margin + avoidable fixed costs

  2. B

    Total contribution margin ?avoidable fixed costs

  3. C

    Total contribution margin * fixed costs

  4. D

    Total contribution margin ?non-avoidable fixed costs

Show answer and explanation

Correct answer: B

Question 5 Single choice

Future value table is the table of factors that shows the future value of multiple investments at a given interest rate.

  1. A

    True

  2. B

    False

Show answer and explanation

Correct answer: B

Question 6 Single choice

Operating income divided by total operating revenues measures:

  1. A

    Net operating value

  2. B

    Operating margin ratio

  3. C

    Gross operating ratio

  4. D

    Subsequent operating ratio

Show answer and explanation

Correct answer: B

Question 7 Single choice

If assets are equal to the sum of liabilities and net assets in an accounting equation then this equation is feasible for:

  1. A

    Investor-owned organizations

  2. B

    Profit-based organizations

  3. C

    Non-profit based organizations

  4. D

    None of the above

Show answer and explanation

Correct answer: C

Question 8 Single choice

Replacement decision is the financial investment decision designed to replace older assets with newer, cost-saving ones.

  1. A

    True

  2. B

    False

Show answer and explanation

Correct answer: B

Question 9 Single choice

Which of the following defines strategic decision?

  1. A

    Capital investment decision designed to increase a health care organization's long-term position.

  2. B

    Capital investment decision designed to increase investments organization's long-term position.

  3. C

    Capital worthwhile decision designed to increase organization's long-term beneficial position.

  4. D

    Capital worthwhile decision designed to increase organization's short-term beneficial position.

Show answer and explanation

Correct answer: A

Question 10 Single choice

The formula for trend analysis is:

  1. A

    (any subsequent year ?base year / base year) * 100

  2. B

    (particular income subsequent year + base year / previous year) + 365

  3. C

    (particular revenue current year ?previous year / base year) * 100

  4. D

    (particular revenue previous year + base year / current year) + 365

Show answer and explanation

Correct answer: A