Free HFMA CHFP Exam Questions

Become HFMA Certified with updated CHFP exam questions and correct answers

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Total 315 Questions | Updated On: Jan 08, 2025

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Question 1

Organizational units responsible for earning a profit by providing health care services and their

revenues are earned either on a free-for-service or a flat fee basis refers to:

A : ganizational earnings centers

B : aditional profits centers

C : ofit earning centers

D : at fee profit centers

Answer: B

Question 2

Prescription drug coverage for Medicare enrollees, which offsets some of the out-ofpocket costs for medications, this covers:

A : dicare Part A

B : dicare Part B

C : Medicare Part D

D : Medicare Part F

Answer: C

Question 3

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

A : ntrolling activities

B : edback

C : rategic activities

D : ne of the above

Answer: A

Question 4

Which of the following is NOT the step in expense variance?

A : entify the amount of variance due to fixed costs

B : velop a flexible expense budget

C : lculate actual volume for each expense

D : lculate the expense variance due to changes in volume and other factors.

Answer: C

Question 5

Operating income divided by total operating revenues measures:

A : t operating value

B : erating margin ratio

C : oss operating ratio

D : Subsequent operating ratio

Answer: B

Page: 1 / 63

Total 315 Questions | Updated On: Jan 08, 2025

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