Question 1

___________ governing body members use their position on the board for their own private gain.

Accepted Answer

A)   Independent contractors
B)   Self-dealing
C)   Autonomous
D)   Ethical

Question 2

____________ establish internal mechanisms for preventing, detecting, and reporting criminal conduct.

Accepted Answer

A)   Health Insurance Portability and Accountability Act of 1996
B)   Corporate Compliance Programs
C)   State Incorporation Laws
D)   Ethics committees

Question 3

The ___________ committee of the governing body is responsible for developing corporate auditing policies and procedures.

Accepted Answer

A)   long-range planning
B)   patient care
C)   audit
D)   finance

Question 4

The governing body is responsible for appointing a _________ to act as its agent in the management of the organization.

Accepted Answer

A)   Chief Financial Officer
B)   Chief Executive Officer
C)   Chief of Staff
D)   Chief Medical Officer

Question 5

Not-for-profit health care facilities are usually exempt from federal taxation under Section 501(c) (3)  of the ___________.

Accepted Answer

A)   Internal Revenue Code of 1986
B)   Department of Tax and Finance
C)   Department of Labor
D)   Health Care Financing Administration

Exam 7: Corporate Structure and Legal Issues

The ___________ committee of the governing body is responsible for developing corporate auditing policies and procedures.

Correct Answer
verified

____________ establish internal mechanisms for preventing, detecting, and reporting criminal conduct.

Correct Answer
verified

The governing body is responsible for appointing a _________ to act as its agent in the management of the organization.

Correct Answer
verified

___________ governing body members use their position on the board for their own private gain.

Correct Answer
verified

Not-for-profit health care facilities are usually exempt from federal taxation under Section 501(c) (3) of the ___________.

Correct Answer
verified

Exam 7: Corporate Structure and Legal Issues

The ___________ committee of the governing body is responsible for developing corporate auditing policies and procedures.

Correct AnswerverifiedShow Answer

____________ establish internal mechanisms for preventing, detecting, and reporting criminal conduct.

Correct AnswerverifiedShow Answer

The governing body is responsible for appointing a _________ to act as its agent in the management of the organization.

Correct AnswerverifiedShow Answer

___________ governing body members use their position on the board for their own private gain.

Correct AnswerverifiedShow Answer

Not-for-profit health care facilities are usually exempt from federal taxation under Section 501(c) (3) of the ___________.

Correct AnswerverifiedShow Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified