NAB Exam Study set
What does an INCOME STATEMENT or PROFIT AND LOSS STATEMENT tell an investor? - Answer-It
details operating income and expenses and how efficiently the NHA is managing the facility
What is the purpose of an Anticoagulant medication? - Answer-It is a blood thinner used to prevent
blood clots and to reduce clots.
What is the main medical condition that would be treated with anti-coagulants? - Answer-CVA, TIA and
strokes
What is a Union Shop Steward? - Answer-An employee who works for the company and is a union
member who acts as the local union rep
What is the minimum length of a telephone cord? - Answer-29 inches
A current asset or liability must be sold or paid within how many months? - Answer-Within 12 months
A non-current asset or liability must be sold or paid within how many months? - Answer-Within more
than 12 months
,What is a physiatrist? - Answer-A sports doctor who specializes in musculoskeletal injuries and works
closely with PT & OT
What are the three budgets we work with? - Answer-Operating, cash and capital
A What are the 2 main strategic budgets we work with? - Answer-The operating and capital budgets
What is the main benefit of a limited liability partnership or Limited Liability Corporation? - Answer-If
sued, can only collect against the assets of the partnership or corporation and not individuals
What is the key to an effective emergency management plan ? - Answer-Must identify all potential
disasters and dangers that may threaten the facility and plan of action to address those threats
What is a deposit of money to ensure the performance of an obligation? - Answer-A surety bond or
performance bond
A Who must be on a surety bond? - Answer-The residents and the State
What is an ADL? - Answer-An ADL is Personal care - showering, grooming, eating, dressing and
transferring
What is an instrumental ADL? - Answer-Housekeeping, managing finances by writing checks, going to
doctor appointments, going to the store to buy food, going to the mall
What does Hyper mean such as hyperglycemia - hypertension - hyperactivity - Answer-Hyper means
high or elevated
What does HYPO mean? - Answer-Hypo means low
, Overhead expense such as deprecation or insurance are classified as what type of expense? - Answer-
Indirect expenses - cannot be charged to a particular department
Holding employers responsible for acts of their employees is called ? - Answer-Respondent superior
What are 2 other names for Respondent Superior? - Answer-Strict liability and vicarious liability
What is a capital asset or capital expense? - Answer-Weekend Overtime
Planned purchase of physical assets or capital assets is accomplished through which budget? - Answer-A
capital budget
What is the impact of the failure to record or account for depreciation? - Answer-The facility will
overstate its assets
A minimum wage is imposed by which law? - Answer-The Fair Labor Standards Act which requires a
federal minimum wage and overtime.
Who enforces the FLSA? - Answer-The Department of Labor Department
What is a swing bed in a rural hospital? - Answer-A hospital in a rural area with 100,000 or fewer people
that can swing a bed from acute to sub acute and bill under nursing home PPS rate.
Which Medicare program allows a patient to receive skilled care once acute hospital care is no longer
required and they are transferred to a nursing home? - Answer-A patient will transferred from the
hospital to a nursing home to be skilled under Medicare Part A, sub-acute care.
What does an INCOME STATEMENT or PROFIT AND LOSS STATEMENT tell an investor? - Answer-It
details operating income and expenses and how efficiently the NHA is managing the facility
What is the purpose of an Anticoagulant medication? - Answer-It is a blood thinner used to prevent
blood clots and to reduce clots.
What is the main medical condition that would be treated with anti-coagulants? - Answer-CVA, TIA and
strokes
What is a Union Shop Steward? - Answer-An employee who works for the company and is a union
member who acts as the local union rep
What is the minimum length of a telephone cord? - Answer-29 inches
A current asset or liability must be sold or paid within how many months? - Answer-Within 12 months
A non-current asset or liability must be sold or paid within how many months? - Answer-Within more
than 12 months
,What is a physiatrist? - Answer-A sports doctor who specializes in musculoskeletal injuries and works
closely with PT & OT
What are the three budgets we work with? - Answer-Operating, cash and capital
A What are the 2 main strategic budgets we work with? - Answer-The operating and capital budgets
What is the main benefit of a limited liability partnership or Limited Liability Corporation? - Answer-If
sued, can only collect against the assets of the partnership or corporation and not individuals
What is the key to an effective emergency management plan ? - Answer-Must identify all potential
disasters and dangers that may threaten the facility and plan of action to address those threats
What is a deposit of money to ensure the performance of an obligation? - Answer-A surety bond or
performance bond
A Who must be on a surety bond? - Answer-The residents and the State
What is an ADL? - Answer-An ADL is Personal care - showering, grooming, eating, dressing and
transferring
What is an instrumental ADL? - Answer-Housekeeping, managing finances by writing checks, going to
doctor appointments, going to the store to buy food, going to the mall
What does Hyper mean such as hyperglycemia - hypertension - hyperactivity - Answer-Hyper means
high or elevated
What does HYPO mean? - Answer-Hypo means low
, Overhead expense such as deprecation or insurance are classified as what type of expense? - Answer-
Indirect expenses - cannot be charged to a particular department
Holding employers responsible for acts of their employees is called ? - Answer-Respondent superior
What are 2 other names for Respondent Superior? - Answer-Strict liability and vicarious liability
What is a capital asset or capital expense? - Answer-Weekend Overtime
Planned purchase of physical assets or capital assets is accomplished through which budget? - Answer-A
capital budget
What is the impact of the failure to record or account for depreciation? - Answer-The facility will
overstate its assets
A minimum wage is imposed by which law? - Answer-The Fair Labor Standards Act which requires a
federal minimum wage and overtime.
Who enforces the FLSA? - Answer-The Department of Labor Department
What is a swing bed in a rural hospital? - Answer-A hospital in a rural area with 100,000 or fewer people
that can swing a bed from acute to sub acute and bill under nursing home PPS rate.
Which Medicare program allows a patient to receive skilled care once acute hospital care is no longer
required and they are transferred to a nursing home? - Answer-A patient will transferred from the
hospital to a nursing home to be skilled under Medicare Part A, sub-acute care.
