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HFMA
CHFP
CHFP Free Questions
HFMA CHFP Quiz:1 Topic:5 Questions:1-5

Home
HFMA
CHFP
CHFP Free Questions
HFMA CHFP Quiz:1 Topic:5 Questions:1-5

HFMA CHFP Quiz:1 Topic:5 Questions:1-5

Free Practice Mock Questions Set 1-5 (Quiz # 1) for HFMA CHFP Exam, according to official HFMA Certified Healthcare Financial Professional exam syllabus topic # 5

Question: 1

Bad debt expense is:

Athe estimate of patient accounts payables that will not be collected.

Bthe estimate of patient accounts receivables that will be collected.

Cthe estimate of patient accounts receivables that will not be collected.

Dthe estimate of patient accounts payables that will be collected.

Answer : C

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Question: 2

A source of temporary cash is _________, which does not actually bring in cash but instead slows its outflows.

ATrade cash

BCredit revenue

CCash capital

DTrade credit

Answer : A

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Question: 3

An organization unit that has been formally given the responsibility to carry out one or more tasks, to achieve one or more outcomes or both refers to:

AResponsibility center

BResponsibility pool

CTask management

DControl management

Answer : A

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Question: 4

The process of identifying goals, objectives, tasks, activities and resources necessary to carry out the strategic plan of the organization over the next time period, typically one year is called

AYearly planning

BStrategic Planning

CFuture planning

DPlanning

Answer : D

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Question: 5

An agreement established by the bank and the borrower that legally requires the bank to loan money to the borrower at any time requested up to the pre-negotiated limit is called:

ANormal Line of credit

BRevolving Line of credit

CCommitment Line of credit

DNone of the above

Answer : B

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Quiz 1

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