NAB Exam- Everything that is needed to know questions with verified solutions

A line authority position is characterized by Decision making vested in the supervisor An example of line authority is Administrator Major schools of thought regarding source of authority are formal and subordinate acceptance The scope of authority in the operation of the nursing facility is greatest at which level Ownership Ultimate authority in a private corporate nursing facility is with the Board of directors Managerial authority is power to command, issue orders or exact action by subordinates Decentralized authority is characterized by process of delegating authority Centralized authority is vesting decision making in top managment Authority vested in a supervisory nurse is middle management authority Decision making authority is when a supervisor hires, fires and makes judgmental decisions Concepts of modern management recommend that an effective administrator will delegate operational authority Unity of command refers to reporting to one supervisor Which of the following forms of business is considered the oldest form of business sole proprietorship The term proprietorship as it relates to the nursing facility industry means privately owned The majority of nursing facility beds in the united states are owned by corporations Which of the following forms of ownership must have articles drawn up and reduced to writing? corporation Under which form of ownership would the administrator have the greatest latitude of authority and decision making? Sole proprietorship All but one are considered advantages of sole proprietorship Unlimited liability All but one are considered disadvantages of a partnership Retention of valuable employees A corporation is a legal entity created by law to carry on a business or profession Which one of the following forms of business ownership is considered the most important? Corporation A nonprofit corporation is one which makes a profit but returns it to the operation of business Pursuant to the Code of Federal Regulations, 42 CFR part 483, a facility wishing to participate in medicare must have a governing body The role of the governing body pursuant to the Code of Federal Regulation 42 CFR Part 483 is to establish and implement policies regarding management and operation of the facility The Code of Federal Regulations 42 CFR part 483 requires that the facility disclose officers, directors, agents, or management employees The role of the administrator in a modern nursing facility is to advise the governing body and carry out their decisions According to the Code of Federal Regulations 42 CFR Part 483 the administrator appointed by the governing body must be licensed by the state and responsible for the management of the facility An objective may be defined as organizing The first step in planning is setting the objectives of the organization Effective management is best carried out by following which method? management by objectives Management by objectives involves plurality of objectives Which of the following objectives would be considered first in establishing a new nursing facility? Type of facility An administrator of a proprietary nursing facility should be primarily concerned with which one of the following objectives? Quality of care Which one of the functions of management would be accomplished first? planning Relative to setting objectives, which task listed below would be of primary importance for the administrator to accomplish? constantly review and reassess objectives of the nursing facility Which one of the following statements is true? Every department in the nursing facility should have goals or objectives Since there is a plurality of objectives in a nursing facility, the facility should concern itself with long and short term goals Planning is primarily concerned with use of facts to determine course of action for the future