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: Apr 28, 2026

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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

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

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

Under accrual basis of accounting, revenues are recognized when earned.

A : ue

B : lse

Answer: A

Question 5

Requiring providers to have their capital expenditures preapproved by an independent state agency

to avoid unnecessary duplication of services is referred to as:

A : eapproval certifications and opinions

B : eapproved payments

C : rtificate of need

D : State service reviews

Answer: C

Page: 1 / 63

Total 315 Questions | Updated On: Apr 28, 2026

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