Free CHFP Practice Test Questions and Answers (2026) | Cert Empire Practice Questions

Get CHFP Exam Questions

Free preview: 20 questions.

Already purchased? Log in

HFMA CHFP

View Mode
Q: 1
when providers try to get one payor to pay for costs that have not been covered by another payor, this refers to:
Options
Q: 2
Operating income divided by total operating revenues measures:
Options
Q: 3
What refers to relatively expensive items that will be used over a long period?
Options
Q: 4
____________ is a measure of how much a tangible asset (such as plant or equipment) has been used up or consumed.
Options
Q: 5
A fixed cost that will remain even if a particular service is discontinued is known as:
Options
Q: 6
A method that depreciates an asset an equal amount each year until it reaches its salvage value at the end of its useful life is called:
Options
Q: 7
A lease that lasts for an extended period, up to the life of the leased asset and cannot be cancelled without penalty refers to:
Options
Q: 8
Organizations that do not provide health care-related services but are responsible for their profit are called:
Options
Q: 9
A measure of how quickly an asset can be converted into cash is called:
Options
Q: 10
If the contribution margin per unit is positive and no other additional costs will be incurred, then it is in the best financial interest of the organization to continue to provide additional units of that service , even the organization is not fully covering all its other costs otherwise not, this is called:
Options
Q: 11
Which if the following is NOT the step to calculate current ratio?
Options
Q: 12
An accounting method that tracks when cash was received and when cash was expended, regardless of when services were provided or resources were used is called:
Options
Q: 13
Common costs are that benefit a number of services shared by all.
Options
Q: 14
The resources that the organization owns, typically recorded at their original costs are called assets.
Options
Q: 15
In contrast to excel’s NPV function, the IRR function includes the final investments as one of the entries in the function.
Options
Q: 16
A common mistake is to infer that because days in accounts receivables is increasing, collection are improving.
Options
Q: 17
An entity that negotiates the use of another’s asset via a lease is called Lessee.
Options
Q: 18
The combination of age and technology has increased cost with the passage of time.
Options
Q: 19
The variable asset turnover ratio is a measure of how productive the fixed assets of the organization are in generating operating revenues.
Options
Q: 20
Higher debt increases financial risk by magnifying the returns on net asset or equity.
Options
Question 1 of 20

Premium Access Includes

  • ✓Quiz Simulator
  • ✓Exam Mode
  • ✓Progress Tracking
  • ✓Question Saving
  • ✓Flash Cards
  • ✓Drag & Drops
  • ✓3 Months Access
  • ✓PDF Downloads
Get Premium Access
Scroll to Top

FLASH OFFER

Days
Hours
Minutes
Seconds

avail 10% DISCOUNT on YOUR PURCHASE

  • USE THE CODE GIVEN BELOW ON YOUR CHECKOUT
DISCOUNT10