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2024 LSUS MHA 706 MIDTERM EXAM / FINANCIAL MANAGEMENT MIDTERM EXAM ALL IN ONE DOCUMENT WITH COMPLETE ACTUAL QUESTIONS AND CORRECT DETAILED ANSWERS (100% CORRECT VERIFIED ANSWERS |GUARANTEED PASS. (BRAND NEW!!)$20.49
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2024 LSUS MHA 706 MIDTERM EXAM / FINANCIAL
MANAGEMENT MIDTERM EXAM ALL IN ONE
DOCUMENT WITH COMPLETE ACTUAL QUESTIONS
AND CORRECT DETAILED ANSWERS (100% CORRECT
VERIFIED ANSWERS |GUARANTEED PASS. (BRAND
NEW!!)
LSUS MHA 706 MIDTERM EXAM
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)
,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)...
answers-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?
Financial management provides the theory, concepts, and tools
necessary to help managers make better financial decisions.
,External reporting
What is a DISADVANTAGE of being a corporation?
Facilities management
Which of the following are not finance activities?
What is NOT a advantage of proprietorship?
Unlimited liability
A not-for-profit corporation can also be called a 529(b).
False
, The primary goal of investor-owned corporations is shareholder
wealth maximization.
True
Copayments
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
Requires an individual to pay for a certain percentage of the
eligible medical expenses.
Adverse selection
Individuals at greater risk of needing health care are more likely
to purchase insurance.
Deductibles
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