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HFMA CSAPM LATEST TEST REVIEW Q & S 2024.
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HFMA CSAPM LATEST TEST REVIEW Q & S 2024.HFMA CSAPM LATEST TEST REVIEW Q & S 2024.HFMA CSAPM LATEST TEST REVIEW Q & S 2024.
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HFMACSAPM
LATEST FINAL TEST REVIEW
Q&S
©2024/2025
,1. Which of the following is the primary benefit of zero-based
budgeting in healthcare organizations?
- A) Automatically increases budgets by a fixed percentage
- B) Aligns spending with strategic goals
- C) Simplifies the budgeting process
- D) Minimizes preparation time for each department
Answer: B) Aligns spending with strategic goals
Rationale: Zero-based budgeting requires justifying all
expenses, ensuring that every dollar matches strategic priorities.
2. During the budget preparation process, variance analysis is
used primarily to:
- A) Ensure compliance with federal regulations
- B) Predict next year's revenue targets
- C) Identify differences between budgeted and actual figures
- D) Set standard costs for services
Answer: C) Identify differences between budgeted and actual
figures
©2024/2025
, Rationale: Variance analysis helps identify discrepancies,
allowing managers to investigate causes and take corrective actions.
Financial Projections
3. In financial forecasting, which technique incorporates both
quantitative and qualitative methods to predict future financial
conditions?
- A) Incremental budgeting
- B) Time-series analysis
- C) Delphi method
- D) Trend analysis
Answer: C) Delphi method
Rationale: Delphi method relies on expert opinion combined
with quantitative data to forecast complex trends.
4. Which financial projection method is best suited for predicting
cash flow variations due to seasonal changes in a healthcare
organization?
- A) Moving average
©2024/2025
, - B) Linear regression
- C) Factor analysis
- D) Scenario modeling
Answer: A) Moving average
Rationale: Moving averages can smooth out short-term
fluctuations, particularly useful for analyzing seasonal patterns.
Cost Accounting
5. Activity-Based Costing (ABC) is most effective in which type of
healthcare setting?
- A) Large hospitals with diverse services
- B) Small community clinics
- C) Mobile health units
- D) Stand-alone specialty practices
Answer: A) Large hospitals with diverse services
©2024/2025
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