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CHFP Online Practice Questions and Answers

Questions 4

Which one of the following is NOT the factor of Uninsured?

A. Health insurance premiums becoming too costly

B. Requiring patients to pay for the part of their own care-up

C. Individuals being screened out of insurance policies

D. Employers feeling they cannot afford to continue to provide health insurance as a benefit

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Questions 5

A measure of how quickly an asset can be converted into cash is called:

A. Cash conversion

B. Asset conversion

C. Liquidity

D. Equity

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Questions 6

A revolving line of credit differs from a normal line of credit in that the revolving line of credit legally requires a bank to fulfill the borrower's credit request up to the pre- negotiated limit.

A. True

B. False

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Questions 7

What is the major budgetary tool to forecast an organization's cash surplus and deficits over a given period of time?

A. Cash inflow

B. Cash budget

C. Cash surplus

D. Cash tool

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Questions 8

Activities that provide guidance and feedback to keep organization within its budget once it has been approved and its being implemented refers to:

A. Controlling activities

B. Feedback

C. Strategic activities

D. None of the above

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Questions 9

The interest rate that a hospital borrower exchanges between another party, typically a bank or investment banking firm, with the intent of securing a more favorable rate is called:

A. Rate of exchange

B. Favorable rate swaps

C. Interest rate swaps

D. Payment swapping

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Questions 10

What is called common-size analysis because it converts every line item to a percentage, thus allowing comparisons of the makeup of the financial statements of different-sized organizations?

A. Horizontal analysis

B. Vertical analysis

C. Baseline analysis

D. Financial analysis

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Questions 11

Which measure how an organization's assets are financed and how able the organization is to pay for the new debt?

A. Capital structure ratio

B. Organization's activity ratio

C. Total asset renovation

D. Payment ratio analysis

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Questions 12

A series of equal annuity payments made or received at the beginning of each period is called:

A. Annuity Date

B. Annuity Due

C. Annuity payments

D. Annuity period

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Questions 13

The point where total revenues equal total costs is called:

A. Cope point

B. Break-even point

C. Get-by point

D. Equivalent point

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Questions 14

A fixed-fee payment system instituted by CMS to shift the financial risk of care to the provider in the provision of outpatient services to Medicare recipients is called:

A. Ambulatory payment classification

B. Fixed payment services

C. Flat fee payment provider

D. Relative services payment system

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Questions 15

The formula to calculate Expense cost variance is:

A. (Actual cost per unit ?budgeted cost per unit) * Actual volume

B. (Retail cost per unit ?budgeted cost per unit) * Retail volume

C. (variance cost per unit ?budgeted cost per unit) * Actual volume

D. (Actual cost per unit ?variance cost per unit) * variance volume

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Questions 16

A loan typically issued by a bank that has a maturity of:

A. One to ten weeks

B. Ten to twelve months

C. One to ten months

D. One to ten years

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Questions 17

The quick ratio is equal to addition of cash, marketable securities and net accounts receivables divided by current liabilities, in this which entity is relatively liquid one?

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Questions 18

Upon current ratio, quick ratio and acid test ratio, which provides the most stringent test of liquidity?

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Exam Code: CHFP
Exam Name: Certified Healthcare Financial Professional
Last Update: Mar 20, 2024
Questions: 315 Q&As

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