HFMA CHFP Online Practice Questions and Exam Preparation

HFMA CHFP Online Questions & Answers

• Question 181:

  A percentage of the unused portion of a credit line that is charged to the potential borrower is called:

  A. Commitment fees
  B. Compensating balance
  C. Transaction note
  D. Interest borrowed
  A. Commitment fees

• Question 182:

  An amount a payor will pay for one day of care, which includes all hospital charges associated with the inpatient day, is called:

  A. One payor per day
  B. Per Diem
  C. Payor daily payment
  D. Per day payment
  B. Per Diem

• Question 183:

  A preliminary study undertaken by an organization and compiled by the third party to determine and document a project's financial viability refers to:

  A. Possibility study
  B. Compatibility study
  C. Feasibility study
  D. Project summary
  C. Feasibility study

• Question 184:

  Which of the following is NOT the step involve in the Revenue variance?

  A. Develop flexible budget estimate for revenue
  B. Develop liquidity ratios against each revenue
  C. Determine the budgeted revenue per unit
  D. calculate the revenue variance due to charges in volume and rate
  B. Develop liquidity ratios against each revenue

• Question 185:

  Which of the following is NOT the technique that health care providers can employ to assist in collecting their payments?

  A. Decentralized collection centers
  B. Lockboxes
  C. Charge capture
  D. Wire captures
  C. Charge capture

• Question 186:

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

  A. True
  B. False
  B. False

• Question 187:

  An accounting method that records revenues when earned and resources when used, regardless of cash in or out of the organization is called:

  A. Accrual basis of accounting
  B. Accounting Flow
  C. Modified statement of operations
  D. Cash basis of accounting
  A. Accrual basis of accounting

• Question 188:

  Equity financing for for-profit organizations comes from issuing:

  A. Stock and actual earnings
  B. Equity and assets
  C. Stock and retained earnings
  D. Stock and sales
  C. Stock and retained earnings

• Question 189:

  Which bonds allow the investors to "put", which means "to sell" the bonds back trustee within a short time, typically thirty days and which are then resold by an investment bank?

  A. Action rate bonds
  B. Resold bonds
  C. Selling bonds
  D. Variable rate demand bonds
  D. Variable rate demand bonds

• Question 190:

  How much extra working capital an organization determines it must keep as a cushion is called its:

  A. Obtaining cash strategy
  B. Working capital strategy
  C. Financing mix strategy
  D. Billing strategy
  B. Working capital strategy