HFMA CHFP Online Practice Questions and Exam Preparation

HFMA CHFP Online Questions & Answers

• Question 201:

  A loan typically issued by a bank that has a maturity of:

  A. One to ten weeks
  B. Ten to twelve months
  C. One to ten months
  D. One to ten years
  D. One to ten years

• Question 202:

  When the patient covered is responsible for paying a certain base amount before coverage begins refers to:

  A. Deduction
  B. Pre payment
  C. Deductibles
  D. Discounted payment
  C. Deductibles

• Question 203:

  Required rate of return is:

  A. An organization's minimally acceptable internal rate of return on any investment to justify an initial investment.
  B. An organization's minimally rejected internal rate of return on any investment to justify a final investment.
  C. An organization's maximally accepted external rate of return on any investment to justify an initial investment.
  D. An organization's maximally rejected external rate of return on any investment to justify a final investment.
  A. An organization's minimally acceptable internal rate of return on any investment to justify an initial investment.

• Question 204:

  Which of the following is NOT the form of capitation?

  A. Sub-capitation
  B. Zero-based Budget
  C. Pay-for-reporting
  D. Contact capitation
  C. Pay-for-reporting

• Question 205:

  Cost centers that support clinical cost centers and the organization as a whole are called:

  A. Organizational cost centers
  B. Managerial cost center
  C. Administrative cost centers
  D. Secretarial cost centers
  C. Administrative cost centers

• Question 206:

  A fund into which monies are set aside each year to ensure that a bond can be liquidated at maturity refers to:

  A. Liquidity fund
  B. Sinking fund
  C. Mature fund
  D. Yearly fund
  B. Sinking fund

• Question 207:

  when providers try to get one payor to pay for costs that have not been covered by another payor, this refers to:

  A. Cost Capacity
  B. Cost capitalization
  C. Cost-shifting
  D. Prospective cost
  C. Cost-shifting

• Question 208:

  Proceeds lost by forgoing other opportunities refer to:

  A. Opportunity cost
  B. Lost of opportunity
  C. Uncertain cost
  D. Cost decline
  A. Opportunity cost

• Question 209:

  What are the financial obligations that, due to their contractual terms, will be paid within one year?

  A. Current assets
  B. Current liabilities
  C. Current financial reviews
  D. Current payors
  B. Current liabilities

• Question 210:

  Financial leverage is:

  A. The degree to which an organization is financed by revenue.
  B. The degree to which an organization is analyzed by it financial statement.
  C. The degree to which an organization is burdened with financed analysis.
  D. The degree to which an organization is financed by debt.
  D. The degree to which an organization is financed by debt.