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MHA 706 - Module 1 Quiz Questions with Complete Solutions Graded A+ $13.49   Add to cart

Exam (elaborations)

MHA 706 - Module 1 Quiz Questions with Complete Solutions Graded A+

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  • Course
  • LSUS MHA 706
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  • LSUS MHA 706

The major provisions of the Patient Protection and Affordable Care Act of 2010 were: - Answer: a. Free preventative b. Medicaid expansion c. Banning of preexisting condition coverage limitations T/F CFO usually is assisted by a comptroller and treasurer - Answer: TRUE T/F The department i...

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  • August 12, 2024
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  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • LSUS MHA 706
  • LSUS MHA 706
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MHA 706 - Module
1 Quiz Questions
with Complete
Solutions Graded
A+
Denning [Date] [Course title]

, The major provisions of the Patient Protection and Affordable Care Act of 2010 were: - Answer: a. Free
preventative

b. Medicaid expansion

c. Banning of preexisting condition coverage limitations



T/F CFO usually is assisted by a comptroller and treasurer - Answer: TRUE



T/F The department is headed by the CFO sometimes called the VP-finance - Answer: TRUE



T/F The CFO typically reports directly to the chief executive officer (CEO) - Answer: TRUE



In a not-for-profit hospital, the following are example(s) of a stakeholder: - Answer: employee, vendor,
and community



Stakeholders have the right(s): - Answer: a. Right of control

b. A possible dividend and/or capital gain

c. Claim on residual liquidation proceeds



provides the theory, concepts, and tools necessary to help managers make better financial decisions. -
Answer: Financial management



What is a disadvantage of being a corporation? - Answer: external reporting



What are finance activities: - Answer: a. Planning and budgeting

b. Financing decisions

c. Financial reporting



What is an advantage of proprietorship? - Answer: a. No corporate income taxes

b. Ease of formation

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