HFMA CHFP Online Practice Questions and Exam Preparation

HFMA CHFP Online Questions & Answers

• Question 81:

  The difference between the revenues forecast in the original budget and those in the flexible budget is known as:

  A. Expense variance
  B. Cost variance
  C. Budget variance
  D. Revenue volume variance
  D. Revenue volume variance

• Question 82:

  An asset that, when increased, decreases the value of a related asset on the books is called:

  A. Controversial asset
  B. Slender asset
  C. Contra-asset
  D. Contracted asset
  C. Contra-asset

• Question 83:

  A lease that lasts for an extended period, up to the life of the leased asset and cannot be cancelled without penalty refers to:

  A. Decision lease
  B. Principal lease
  C. Capital lease
  D. Operating lease
  C. Capital lease

• Question 84:

  is a bond that trades in the marketplace.

  A. Basis point bond
  B. Bond insurance
  C. Outstanding bond issue
  D. Secondary market bond
  C. Outstanding bond issue

• Question 85:

  An electronic health record or electronic medical record is an electronics capture of all of a patient's encounters and heath information over a short period of time.

  A. True
  B. False
  B. False

• Question 86:

  are variable in short-term and fixed in long-term under normal conditions for working capital.

  A. Interest rates
  B. Volatility risks
  C. Profits
  D. Interest costs
  B. Volatility risks

• Question 87:

  Costs that stay the same in total over the relevant range but change inversely on a per unit basis as activity changes are called:

  A. Steady costs
  B. Stagnant costs
  C. Variance costs
  D. Fixed costs
  D. Fixed costs

• Question 88:

  A series of equal payments made or received at regular time intervals is known as:

  A. Annuity
  B. Income
  C. Revenues
  D. Interest
  A. Annuity

• Question 89:

  Providers who must preapproved care received by a patient such as visit to a specialist are known as:

  A. Caretakers
  B. Care providers
  C. Porters
  D. Gatekeepers
  D. Gatekeepers

• Question 90:

  The formula to calculate perpetuity is:

  A. Amount of perpetuity = initial investment * interest rate
  B. Amount of perpetuity = initial investment - interest rate
  C. Amount of perpetuity = initial investment + interest rate
  D. Amount of perpetuity = initial investment / interest rate
  A. Amount of perpetuity = initial investment * interest rate