CHFP Online Practice Questions and Answers

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

A process that specifies in advance the preferred treatment regimen for patients with particular diagnoses is called:

A. Retail health care

B. Diagnosis care

C. Complementary medicine

D. Care mapping

Which of the following are the four aspects that all the businesses are required to produce financial statements at least annually?

A. Balance sheet, statement of operations, statement of changes in equity, statement of expense

B. Journals, statement of operations, statement of changes in equity, statement of expense

C. Balance sheet, statement of operations, statement of changes in equity, statement of cash flow

D. Balance sheet, statement of operations, statement of controlled liabilities, statement of expense

Net assets are:

A. The difference between an organization's assets and liabilities

B. The difference between an owner's assets and liabilities

C. The difference between a shareholder's assets and expenses

D. The difference between a stakeholder's assets and expenses

should not be included as a cash flow because it is part of financing flows and is included in the discount rate.

A. Capital expense

B. Interest expense

C. Investment expense

D. Finance expense

A technique to analyze the relationship among revenues, costs and volume is called:

A. Break-even analysis

B. Trend analysis

C. Uniformity analysis

D. Consistency analysis

Total variable cost changes directly and per unit stays variable with a change in activity refers to variable cost.

A. True

B. False

Organizational units responsible for producing products or providing services and controlling their costs fall in which category?

A. production cost centers

B. cost centers

C. clinical cost centers

D. administrative cost centers

Cost centers that support clinical cost centers and the organization as a whole are called:

A. Organizational cost centers

B. Managerial cost center

C. Administrative cost centers

D. Secretarial cost centers

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?