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: Oct 27, 2025

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Question 1

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 2

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 3

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 4

The future value formula to compound at intervals more frequent than annual is:

A : = PV + (1 + i/m) n*m

B : = PV * (1 + i/m) n-m

C : = PV - (1 + i*m) n/m

D : FV = PV * (1 + i/m) n*m(Where i= annual interest rate, m=number of times /year that compounding occurs and n= numberof years)

Answer: D

Question 5

The rate of return required undertaking a project; the cost of capital accounts for both the time value of money and risk refers to:

A : t of return

B : t of capital

C : t of risk

D : t of revenue

Answer: B

Page: 1 / 63

Total 315 Questions | Updated On: Oct 27, 2025

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