HFMA CHFP Online Practice Questions and Exam Preparation

HFMA CHFP Online Questions & Answers

• Question 131:

  The total amount of depreciation taken on as asset since it was put into use is called:

  A. Approved Depreciation
  B. Accumulated Depreciation
  C. Accounted Depreciation
  D. All of the above
  B. Accumulated Depreciation

• Question 132:

  Certificates of deposit (CDs) are issued by commercial banks as negotiable, interest bearing; short-term certificates and their maturities usually range from:

  A. Fourteen days to eighteen months
  B. Twenty days to sixteen months
  C. One month to twenty months
  D. Two months to seventeen months
  A. Fourteen days to eighteen months

• Question 133:

  A system of paying physicians based on the relative value of the services rendered is known as:

  A. Value-based resource system
  B. Resource-based relative value system
  C. Resource-based absolute value system
  D. Relative payment value system
  B. Resource-based relative value system

• Question 134:

  Upon current ratio, quick ratio and acid test ratio, which provides the most stringent test of liquidity?

  Acid test ratio

• Question 135:

  A method to evaluate the feasibility of an investment by determining how long it would take until the initial investment is recovered; disregarding the time value of money refers to:

  A. Feasibility method
  B. Investment method
  C. Analysis method
  D. Payback method
  B. Investment method

• Question 136:

  Speculative purposes refer to:

  A. Holding cash to take advantage of unexpected opportunities
  B. Holding credit to take advantage of expected opportunities
  C. Holding cash to take advantage of expected opportunities
  D. Holding credit to take advantage of unexpected opportunities
  A. Holding cash to take advantage of unexpected opportunities

• Question 137:

  Premium revenues are the revenues earned from capitated contracts which are not earned solely through the delivery of service but rather through a passage of time.

  A. True
  B. False
  A. True

• Question 138:

  What refers to relatively expensive items that will be used over a long period?

  A. Supplies
  B. Taxes
  C. Assets
  D. Equipments
  D. Equipments

• Question 139:

  Hedging is:

  A. The art of offsetting high variable rate debt payments with returns from high-rate investments.
  B. The art of setting low variable rate debt payments with returns from low-rate investments.
  C. The art of offsetting high fixed rate debt payments with returns from low-rate investments.
  D. The art of offsetting low fixed rate debt payments with returns from high-rate sales.
  A. The art of offsetting high variable rate debt payments with returns from high-rate investments.

• Question 140:

  What provides information about how much revenue was generated and the amount of resources used to generate those resources?

  A. Statement of operations
  B. Statement of cash flows
  C. Statement of changes in net assets
  D. None of the above
  A. Statement of operations