Answer Options:
True
\nFalse
Answer: False
Question: Challenges to Affordable Care Act have included which of the following?
Answer Options:
A. The authority of the federal government to provide tax subsidies to individuals
\nB. The authority of the federal government to mandate coverage
\nC. The requirements that certain benefits, such as contraception, are covered
\nD. All of these are correct
\nE. Both the authority of the federal government to mandate coverage and the requirements that certain benefits, such as contraception, are covered
Answer: D. All of these are correct
Question: Private health insurance includes only payments by employers for health care coverage.
Answer Options:
True
\nFalse
Answer: False
Question: Not-for-profit health care organizations generally may not influence legislation or participate in political campaigns.
Answer Options:
True
\nFalse
Answer: False
Question: Most often, in larger health care organizations, budget planning calendars are utilized for:
Answer Options:
A. scheduling organizational events.
\nB. scheduling when to hire or lay off employees.
\nC. planning the purchase of supplies.
\nD. scheduling activities surrounding the completion of the budget.
Answer: D. scheduling activities surrounding the completion of the budget.
Question: True or False? The most common type of prospective reimbursement is capitation.
Answer Options:
True
\nFalse
Answer: True
Question: The growth in health insurance in the U.S. came about as a result of all of the following, except:
Answer Options:
A. the rising cost of health care.
\nB. the increased government role in providing access to care.
\nC. the urging of employers to add this benefit.
\nD. the involvement of unions and collective bargaining.
\nE. All of these contributed to the growth of health insurance in the U.S.
Answer: C. the urging of employers to add this benefit.
Question: True or False? The end result of working capital management is to increase revenues and reduce expenses.
Answer Options:
True
\nFalse
Answer: True
Question: What are some of the ways in which health care organizations protect the rights of their patients?
Answer Options:
A. Utilization review processes
\nB. Institutional review boards
\nC. Patient advocacy or ombudsman offices
\nD. Institutional ethics committees
\nE. All of these are correct.
Answer: E. All of these are correct.
Question: True or False? In some organizations, the chief operating officer (COO) and chief financial officer (CFO) may be the same person.
Answer Options:
True
\nFalse
Answer: True
Question: True or False? Elderly and disabled Medicaid beneficiaries account for less than half of program spending.
Answer Options:
True
\nFalse
Answer: False
Question: True or False? Premium payments for individual health insurance plans reached more than $19,000 in 2018.
Answer Options:
True
\nFalse
Answer: False
Question: The primary function of the Governing Body or Board of Directors in a health care organization is to ensure which of the following?
Answer Options:
A. The employees within the company are treated fairly
\nB. The chief operating officer position is properly filled
\nC. The proper use of resources
\nD. The recruitment of staff is successful
\nE. None of these is correct.
Answer: C. The proper use of resources
Question: Which of the following is the formula used to calculate ending cash?
Answer Options:
A. Ending cash = cash inflows – cash outflows
\nB. Ending cash = cash inflows – beginning cash – cash outflows
\nC. Ending cash = beginning cash – cash outflows = investment income
\nD. Ending cash = beginning cash + cash inflows – cash outflows
Answer: D. Ending cash = beginning cash + cash inflows – cash outflows
Question: True or False? The Patient Protection and Affordable Care Act of 2010 called for changes that have had an impact on insurers, businesses, consumers, and health care providers.
Answer Options:
True
\nFalse
Answer: True