Questions With Correct Detailed
Answers 2025.
Affirmative Action - ANSWER-"Employment equity" promotes equal opportunity and
ethnic diversity in the workplace, public contracting, in education, and in health
programs.
Ethnic Diversity - ANSWER-Quality of diverse and different ethnic groups or persons, as
opposed to a monoculture
Leveraging Diversity - ANSWER-A leader fosters an inclusive workplace where diversity
and individual differences are valued and leveraged to achieve the vision and mission of
the organization
Equal Opportunity - ANSWER-Fairness of various opportunities
Team Nursing - ANSWER-Team leader (RN) manages the care for a small group of
patients
Functional Nursing - ANSWER-Each nurse performs specific tasks for all patients in a
given area
Primary Nursing - ANSWER-The RN performs advanced nursing function for a group of
patients for a 24 hour time period and from admission to discharge
Total Patient Care Nursing - ANSWER-The RN is responsible for all indirect and direct
patient care functions, and he or she communicates needs, changes, and requests for
assistance with a charge nurse or team leader
Biomedical Waste - ANSWER-EPA implements laws to protect human health and the
environment on the federal level, and this organization provides guidelines for the state.
Programs and rules regarding this disposal are primarily regulated on the state level.
Human Capital Management - ANSWER-An approach to employee staffing that views
people as assets
Financial Management - ANSWER-An approach to the allocation of resources
Staffing Distribution - ANSWER-The determination of the number of personnel allocated
per shift, nurse executives are usually responsible for this
,Strategic Alignment - ANSWER-Part of a human capital management, where goals,
mission, and organizational objective are all considered
Revenue - ANSWER-Total amount of income anticipated during a specified period of
time
Expense Budget - ANSWER-Budget that Contains both salary and non salary items
Alliance Program - ANSWER-Program that Works in conjunction with several other
organizations that are involved with workplace health and safety, not budgeting
Depreciation - ANSWER-An income tax deduction that is an annual allowance for the
wear and tear or deterioration of the property. It allows a taxpayer to recover the costs
or other aspects of specific property.
Tangible property - ANSWER-Property that Can be depreciated, such as, machinery,
equipment, buildings, furniture, and vehicles
Intangible property - ANSWER-Property that can be Depreciable, including copyrights,
patents, and computer software
Staffing Mix - ANSWER-"Staffing ratio" Is the ratio of various types of personnel to one
another. May be more or less weighted toward the use of RNs, depending on the
philosophy of the facility. Often determined by legislation particularly for ICUs and ERs
Variable Costs - ANSWER-Costs that Fluctuate in response to either external or internal
influence, such as patient acuity, census, staff mix, and product cost
Fixed Cost - ANSWER-Costs that remain constant for the facility regardless of
fluctuations such as fees and insurance premiums
Business Plan - ANSWER-Plan that uses economic justification to show financial
officers and elected board officials the necessary information. Helps decision makers
decide what to do and if the choice is right for the organization
Return on Investment - ANSWER-Calculation of the most tangible financial gains or
benefits that are expected from a given project compared to the costs for implementing
a program or solution
Cost Benefit Analysis - ANSWER-The exercise of evaluating a planned action by
determining what the net value is for the organization. Positive minus the negative
factors equals whether something is profitable.
Industrial Model of Productivity - ANSWER-A model that Measures the ratio of work
output to work input and is considered representative of efficiency
, Systems Framework of Productivity - ANSWER-A framework that Involves both
efficiency and efficacy, with efficiency including nursing output and efficacy including
quality and appropriateness
Depreciation - ANSWER-These are steps:
Set by IRS...
1. The property must have a determinable useful life of one year or more;
2. The taxpayer must own the property;
3. The taxpayer must use the property for business or in an income producing aspect;
4. The taxpayer can depreciate any capital improvements from property that is leased. If
the property is used for personal purposes as well as business, the taxpayer can only
deduct depreciation based only on business use.
Risk Management - ANSWER-Problem focused approach to reduce the frequency and
severity of injuries, accidents, and adverse events
Cost Containment - ANSWER-An approach to managing finances that employs such
strategies as risk management, reduction in staff, and reduction in services
pay Per Coordination - ANSWER-Payment method in which benefits are linked with the
concept of paying for care coordination, which involves support services or other work
that is not available under a fee for service model
Fee for service - ANSWER-Payment method in which standard payment option that a
relates one payment for one service
Pay for performance - ANSWER-Payment method in which the health care insurer or
other payer compensates healthcare facilities and physicians based on performance
Bundled payments - ANSWER-Payment covers the services delivered by two or more
providers during a single care episode over a certain period of time
Resource based relative value scale system - ANSWER-Payment system that
establishes a standardized payment schedule based on resource based scale.
Payments are calculated by multiplying the costs of a service by a monetary amount
determined by CMS.
FTE - ANSWER-Total hours (days in the week x hours of shift). Divide by the workweek
hours.
Occupancy Rate - ANSWER-Total annual patient days x 100 divided by number of beds
x 365. Higher the rate the more profitable. To raise the rate increase admissions,
decrease number of beds, or increase LOS
Average daily census - ANSWER-Total annual days divided by number of beds x 365