NU 412 Final exam questions and
reviewed verified correct answers
Steps to Time Management - answer ✔✔-1. Planning and Establishing priorities
2. Complete highest priority tasks
3. Re-prioritize based on new information
Strategies for effective time management - answer ✔✔-1. Time assessment
2. Writing things down
3. Prioritize activities
4. Learning to do a task more quickly
5. Organizing tasks
6. Use time estimates
7. Document ASAP
8. Strive to end the work day on time
9. Take breaks
10. Delegating
11. Organizing with the team
12. Creating effective meetings
Where am I wasting time? When is my high energy time? - answer ✔✔-Time Assessments
,5 Priority setting traps - answer ✔✔-1. Whatever hits first
2. Path of least resistance
3. Squeaky wheel
4. Managing by default
5. Waiting for inspiration/motivation
What are the purposes of an effective meeting - answer ✔✔-1. Coordinate actions/giving
information
2. To motivate the team
3. To discuss a problem
4. To make a decision
Barriers to effective time management - answer ✔✔-1. Socializing
2. Procrastination
3. Time wasters (telephone interruptions, personal phone calls, attempting to do too much,
visitors, the inability to say "no", paperwork, inadequate staff, poor communication, technology)
How to minimize time wasters - answer ✔✔-1. Don't make yourself overly accessible
2. Interrupt
3. Avoid promoting socialization
4. Be brief
5. Schedule long-winded people
Being frugal, good stewards, efficient, effectively delivering service while generating needed
revenue - answer ✔✔-Cost containment
,The product is worth the price, people are willing to pay for the service - answer ✔✔-Cost
effective
Each of an organization's revenue are someone's responsibility - answer ✔✔-Responsibility
accounting
Budget estimate by using historical data - answer ✔✔-Forecasting
A financial plan that estimates expenses for a stated future plan - answer ✔✔-Budget
Types of expenses - answer ✔✔-1. Fixed
2. Variable
3. Controllable
4. Uncontrollable
Expenses that don't change, stay the same month to month - answer ✔✔-Fixed
Expenses that change month to month - answer ✔✔-Variable
Expenses controlled by the manager - answer ✔✔-Controllable
Expenses that can not be controlled (massive trauma) - answer ✔✔-Uncontrollable
The Budget Process - answer ✔✔-1. Assess what needs to be covered
2. Diagnosis
3. Developing a plan
4. Implementation
, 5. Evaluation
Types of Budgets - answer ✔✔-1. Personnel
2. Operating
3. Capital
Pays for staff, techs, secretaries, nurses, case manager (use predetermined standards for
staffing) - answer ✔✔-Personell
Personnel budget is usually based on what? - answer ✔✔-NCH/PPD (Nursing care hours, patient
per day)
Expenses need to pay for day to day operation (consumable supplies) - answer ✔✔-Operating
budget
Expensive purchases that you reuse (lifelong- like equipment) - answer ✔✔-Capital budget
Budgeting methods - answer ✔✔-1. Incremental/Percentage increase
2. Zero-based budgeting
Look at budget from last year and inflate it a little bit and that is the budget for the current year
- answer ✔✔-Incremental/Percentage increase
Budgeting method that starts all over from scratch and doesn't use any previous budget -
answer ✔✔-Zero-Based Budgeting
Used to help when using the zero-based budgeting - answer ✔✔-Decision Package
reviewed verified correct answers
Steps to Time Management - answer ✔✔-1. Planning and Establishing priorities
2. Complete highest priority tasks
3. Re-prioritize based on new information
Strategies for effective time management - answer ✔✔-1. Time assessment
2. Writing things down
3. Prioritize activities
4. Learning to do a task more quickly
5. Organizing tasks
6. Use time estimates
7. Document ASAP
8. Strive to end the work day on time
9. Take breaks
10. Delegating
11. Organizing with the team
12. Creating effective meetings
Where am I wasting time? When is my high energy time? - answer ✔✔-Time Assessments
,5 Priority setting traps - answer ✔✔-1. Whatever hits first
2. Path of least resistance
3. Squeaky wheel
4. Managing by default
5. Waiting for inspiration/motivation
What are the purposes of an effective meeting - answer ✔✔-1. Coordinate actions/giving
information
2. To motivate the team
3. To discuss a problem
4. To make a decision
Barriers to effective time management - answer ✔✔-1. Socializing
2. Procrastination
3. Time wasters (telephone interruptions, personal phone calls, attempting to do too much,
visitors, the inability to say "no", paperwork, inadequate staff, poor communication, technology)
How to minimize time wasters - answer ✔✔-1. Don't make yourself overly accessible
2. Interrupt
3. Avoid promoting socialization
4. Be brief
5. Schedule long-winded people
Being frugal, good stewards, efficient, effectively delivering service while generating needed
revenue - answer ✔✔-Cost containment
,The product is worth the price, people are willing to pay for the service - answer ✔✔-Cost
effective
Each of an organization's revenue are someone's responsibility - answer ✔✔-Responsibility
accounting
Budget estimate by using historical data - answer ✔✔-Forecasting
A financial plan that estimates expenses for a stated future plan - answer ✔✔-Budget
Types of expenses - answer ✔✔-1. Fixed
2. Variable
3. Controllable
4. Uncontrollable
Expenses that don't change, stay the same month to month - answer ✔✔-Fixed
Expenses that change month to month - answer ✔✔-Variable
Expenses controlled by the manager - answer ✔✔-Controllable
Expenses that can not be controlled (massive trauma) - answer ✔✔-Uncontrollable
The Budget Process - answer ✔✔-1. Assess what needs to be covered
2. Diagnosis
3. Developing a plan
4. Implementation
, 5. Evaluation
Types of Budgets - answer ✔✔-1. Personnel
2. Operating
3. Capital
Pays for staff, techs, secretaries, nurses, case manager (use predetermined standards for
staffing) - answer ✔✔-Personell
Personnel budget is usually based on what? - answer ✔✔-NCH/PPD (Nursing care hours, patient
per day)
Expenses need to pay for day to day operation (consumable supplies) - answer ✔✔-Operating
budget
Expensive purchases that you reuse (lifelong- like equipment) - answer ✔✔-Capital budget
Budgeting methods - answer ✔✔-1. Incremental/Percentage increase
2. Zero-based budgeting
Look at budget from last year and inflate it a little bit and that is the budget for the current year
- answer ✔✔-Incremental/Percentage increase
Budgeting method that starts all over from scratch and doesn't use any previous budget -
answer ✔✔-Zero-Based Budgeting
Used to help when using the zero-based budgeting - answer ✔✔-Decision Package
