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: Nov 14, 2024

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Question 1

An asset with clear value that is pledged against a loan to reduce risk to the lender is known as:

A : edged asset

B : llateral

C : rtgage

D : nk Term loan

Answer: B

Question 2

To indicate the desired level of performance an organization wishes to compare itself with, the

organizations normally uses a process called:

A : Standardization

B : Capital structure ratios

C : Benchmark

D : Point of reference

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

The point where total revenues equal total costs is called:

A : pe point

B : eak-even point

C : t-by point

D : uivalent point

Answer: B

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

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Total 315 Questions | Updated On: Nov 14, 2024

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