HFMA CHFP Online Practice Questions and Exam Preparation

HFMA CHFP Online Questions & Answers

• Question 191:

  Total operating revenues divided by Net plant and equipment makes:

  A. Total asset activity measure
  B. Total revenue turnover
  C. Variable asset turnover ratio
  D. Fixed asset turnover ratio
  D. Fixed asset turnover ratio

• Question 192:

  A dollar will purchase less in the future than it will today, thus value of dollar in the future is worth less than it is today, this refers to:

  A. Future depreciated currency
  B. Inflation
  C. Uncertainty
  D. Cost reduction
  B. Inflation

• Question 193:

  A system to pay providers whereby the fees for all providers are included in a single negotiated amount is called:

  A. Single member per month payment
  B. Global payment
  C. Revolutionary payment
  D. Ambulatory payment
  B. Global payment

• Question 194:

  Authorization approach is:

  A. budgeting and participation that are done by relatively more people concentrated in the lowest level of organizational structure.
  B. controlling and decision making that are done by relatively few people concentrated in the highest level of organizational structure.
  C. budgeting and decision making that are done by relatively few people concentrated in the highest level of organizational structure.
  D. budgeting and controlling that are done by relatively more people concentrated in the lowest level of organizational structure.
  C. budgeting and decision making that are done by relatively few people concentrated in the highest level of organizational structure.

• Question 195:

  represent the portion of profit that an organization distributes to equity investors.

  A. Equity profit
  B. Dividends
  C. Capital investment
  D. Funding
  B. Dividends

• Question 196:

  Which of the following decisions involving high-dollar investments expected to achieve long-term benefits for an organization?

  A. Long-term investment decisions
  B. Capital investment decisions
  C. Financial investment decisions
  D. Extended investment decisions
  B. Capital investment decisions

• Question 197:

  An organization unit that has been formally given the responsibility to carry out one or more tasks, to achieve one or more outcomes or both refers to:

  A. Responsibility center
  B. Responsibility pool C. Task management
  C. Control management
  A. Responsibility center

• Question 198:

  The structuring of debt relative to equity is called .

  A. Capital structure decision
  B. Debt structure decision
  C. Equity structure decision
  D. Capitalized decision
  A. Capital structure decision

• Question 199:

  Which of the following is the relevant metric for the Charge capture, the key revenue cycle performance area?

  A. Charge receipts as percentage of net revenues.
  B. Accounts waiting for charge capture
  C. Accuracy of recording billable supplies.
  D. Lag days from date of service until charge capture
  C. Accuracy of recording billable supplies.

• Question 200:

  Which if the following is NOT the step involved computing the acid test ratio?

  A. Identify the dollar amount of cash and marketable securities on the balance sheet.
  B. Identify the dollar amount of current liabilities on the balance sheet
  C. Determine the dollar amount of current revenues and debts on the balance sheet
  D. Divide the sum of cash and temporary investment by current liabilities
  C. Determine the dollar amount of current revenues and debts on the balance sheet