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Certified Healthcare Financial Professional (CHFP) Questions 136–140 (page: 29)

Updated On: 9-Feb-2026

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:

  1. Total depreciation
  2. Equal depreciation
  3. Straight-line depreciation
  4. Yearly depreciation

Answer(s): C



The planning-and-control cycle has which of the following four major components?

  1. Strategic planning, planning, implementing and controlling
  2. Strategic planning, designing, implementing and controlling
  3. Planning, designing, implementing and controlling
  4. None of the above

Answer(s): A



is the central element that affects all the areas in the planning and control cycle.

  1. Timing
  2. Budgeting
  3. Resourcing
  4. Equipments

Answer(s): B



What guides the organization into the future by identifying the unique attributes of the organization, why it exists and what it hopes to achieve?

  1. Planning statement
  2. Vision statement
  3. Mission statement
  4. Budgeting statement

Answer(s): C



Identifying an organization's mission, goals and strategy to best position itself for the future is called:

  1. Mission statement
  2. Strategic Planning
  3. Future planning
  4. None of the above

Answer(s): B



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