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Question 1

Time value of money is:

A. The concept that a dollar paid today is worth more than a dollar received on future.
B. The concept that a dollar received yesterday was worth more than a dollar received today.
C. The concept that a dollar paid today is worth less than a dollar received on yesterday.
D. The concept that a dollar received today is worth more than a dollar received on future.

Question 2

Which organizations are the third party entities that contract with multiple hospitals to offer cost savings in the purchase of supplies and equipment by negotiating large-volume discounted contract with vendors?

A. Cost saving organizations
B. Global payment organizations
C. Group purchasing organizations
D. Cost-accounting organizations

Latest HFMA CHFP Practice Questions BY Payne