HFMA CHFP Online Practice Questions and Exam Preparation

HFMA CHFP Online Questions & Answers

• Question 291:

  Service centers, cost centers, profit centers and are the types of responsibility centers.

  A. Reliability centers
  B. Production centers
  C. Investment centers
  D. Controlling centers
  C. Investment centers

• Question 292:

  Which account represents the claim on assets that the provider could sell to meet debt payments?

  A. Restricted net asset
  B. Unrestricted net asset
  C. Fixed gross asset
  D. Capital structure asset
  B. Unrestricted net asset

• Question 293:

  ____________ is the tendency health care practitioners to do more testing and to provide more care for patients than might otherwise be necessary to protect themselves against potential litigation.

  Defensive medicine

• Question 294:

  The planning-and-control cycle has which of the following four major components?

  A. Strategic planning, planning, implementing and controlling
  B. Strategic planning, designing, implementing and controlling
  C. Planning, designing, implementing and controlling
  D. None of the above
  A. Strategic planning, planning, implementing and controlling

• Question 295:

  The difference between current assets and current liabilities is called:

  A. Net accounting gain
  B. Net expenditure
  C. Net working capital
  D. Net profit
  C. Net working capital

• Question 296:

  Net assets are:

  A. The difference between an organization's assets and liabilities
  B. The difference between an owner's assets and liabilities
  C. The difference between a shareholder's assets and expenses
  D. The difference between a stakeholder's assets and expenses
  A. The difference between an organization's assets and liabilities

• Question 297:

  By purchasing , which protects against default, a hospital borrower can lower its cost of debt and improve the bond's marketability.

  A. Bond insurance
  B. Bond credibility
  C. Bond issuer
  D. Bond authority
  A. Bond insurance

• Question 298:

  Which one of the following systems is used to classify inpatients based o their diagnoses, used by both Medicare and private insurers?

  A. Diagnosis-related groups
  B. Proactive payments system
  C. Payment insurance group
  D. None of the above
  A. Diagnosis-related groups

• Question 299:

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

  A. Investor-owned organizations
  B. Profit-based organizations
  C. Non-profit based organizations
  D. None of the above
  C. Non-profit based organizations

• Question 300:

  should not be included as a cash flow because it is part of financing flows and is included in the discount rate.

  A. Capital expense
  B. Interest expense
  C. Investment expense
  D. Finance expense
  B. Interest expense