Practice for cppm - Study guides, Class notes & Summaries

Practice for CPPM Exam All Answers Correct Financial Management What is the primary difference between accrual accounting and cash-based accounting? Options: a. Accrual accounting recognizes revenue when cash is collected, while cash-based accounting recognizes revenue when earned; b. Accrual accounting recognizes revenue when cash is collected, while cash-based accounting recognizes revenue when earned Answer: b. Accrual accounting recognizes revenue when earned, while cash-based ac...

CPPM Cert Exam All Answers Correct Business and Finance What are current liabilities? Options: a. Debts that must be paid within a year; b. Debts that can be paid over several years Answer: a. Debts that must be paid within a year What is the characteristic of fixed expenses? Options: a. Will change based on revenue; b. Will not change based on revenue Answer: b. Will not change based on revenue Company Structure What is the benefit of an LLC (Limited Liability Company)? Opti...

CPPM AAPC Review All Answers Correct Communication Which approach is effective when initiating a difficult conversation? Options: a. Prepare a long statement; b. Ask if it's a good time to talk; c. Avoid empathizing with the person Answer: b. Ask if it's a good time to talk What is an effective response when a provider complains about a new EMR system? Options: a. Blame the provider; b. Show understanding and offer help Answer: b. Show understanding and offer help Office Mana...

CPPM Exam Prep Verified Answers Revenue and Billing What is Revenue Per Visit (RPV)? Options: a. The total amount collected divided by the total number of patient visits; b. A type of insurance plan Answer: a. The total amount collected divided by the total number of patient visits What is Advance Benefit Notification (ABN)? Options: a. A notification given to patients advising Medicare may not cover a certain procedure or service; b. A type of insurance plan Answer: a. A notif...

CPPM Chapter 4 Already Graded A+ Financial Management What system uses the cost of equipment, staff time, and supplies to evaluate overall cost? Options: a. Activity-based costing; b. Cost-benefit analysis; c. Break-even analysis; d. Cash-based accounting Answer: a. Activity-based costing What is an advantage of leasing medical equipment? Options: a. Lease payments are not deductible for income tax purposes; b. Lease payments are deductible for income tax purposes; c. Lease payme...