LSUS MHA 706 MIDTERM EXAM 2024/FINANCIAL
MANAGEMENT MIDTERM/ LATEST 2024 WITH
ACTUAL QUESTIONS AND CORRECT VERIFIED
ANSWERS/ALREADY GRADED A+ 100% GUARANTEED
TO PASS CONCEPTS
In a not-for-profit hospital, the following are example(s) of a stakeholder.-
ANSWER-
-Vendor
-Employee
-Community
Stockholders have all of the following right(s)...-ANSWER-
-Claim on residual liquidation proceeds
-Right of control
-A possible dividend and/or capital gains
,Which of the following statements about finance accounting, and financial
management is most correct?-ANSWER-
Financial management provides the theory, concepts, and tools necessary to
help managers make better financial decisions.
External reporting-ANSWER-
What is a DISADVANTAGE of being a corporation?
Facilities management-ANSWER-
Which of the following are not finance activities?
What is NOT a advantage of proprietorship?-ANSWER-
Unlimited liability
The major provisions of the Patient Protection & Affordable Care Act of 2010
were?-ANSWER-
-Banning of preexisting condition coverage limitations
-Free preventative care
-Medicaid expansion
, Which of the following statement(s) about the finance department a t large
healthcare organizations is/are correct?-ANSWER-
-The CFO typically reports directly to the chief executive officer (CEO)
-The CFO is usually assisted by a comptroller and treasurer
-The department is headed by the chief financial officer (CFO) (sometimes
called the vice president-finance)
A not-for-profit corporation can also be called a 529(b).-ANSWER-
False
The primary goal of investor-owned corporations is shareholder wealth
maximization.-ANSWER-
True
Copayments-ANSWER-
The fixed amount for a covered service that the insurer mandates that the
patient pay to the provider before the patient receives service from the
provider.
Coinsurance-ANSWER-
Requires an individual to pay for a certain percentage of the eligible medical
expenses.
Adverse selection-ANSWER-
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