N5350 ROLES FINAL TEST PAPER 2026
STUDY GUIDE QUESTIONS AND SOLUTIONS
CERTIFICATION EVALUATION GRADED A+
⩥ What is considered a typical payment rate to a physician collaborator
by an NP with an Independent practice?.
Answer: The NP pays the physician 10% of net revenue for consultation
fee.
⩥ What is the difference between the resume and the curriculum vitae
(CV.
Answer: The CV is an overview of your professional life, everything
you have done professionally. A resume is a general and concise
introduction of your experiences and skills as they relate to a particular
career or position that you are aiming to acquire.
⩥ When should the resume be used?.
Answer: A resume is used to apply to most non-academic jobs
⩥ When should the CV be used?.
Answer: CVs are mostly used when applying for faculty positions, for
grants or fellowships or for research positions in industry, academia or
government. Whenever your research productivity and teaching
experience would be valued.
,⩥ How often should both be revised/updated?.
Answer: Every 6 months
⩥ When and how could each be required to submit in the course of the
career of the APN?.
Answer: Resume- for each time you apply for a job or advancement
within current position. CV- Any time you apply for a faculty positions,
grants or fellowships or for research positions, academia or government.
⩥ What are the steps of the marketing process?.
Answer: •Assessment of personal and professional goals, Planning,
Implementation (updated resumes, prepared for interviews), Evaluation
⩥ What are the 4 "Ps" of marketing? Discuss the characteristics of each
of the "Ps". Discuss the characteristics of the 5th "P"..
Answer: 1.Product - The service the APN offers. "YOU!" Consider the
benefit of the product (Convenience, uniqueness, quality, economy,
scope of service.)
2.Place - The location and environment for the APN practice
3.Price - The monetary value exchanged for the services of the APN--
Profit - sum of money left over after revenue is generated and bills are
paid. Fixed Costs. Variable costs. Total Costs
4.Promotion - The marketing of the services offered and available by the
APN to the target population/group/community
,5.Public relations-The "5th P"-Establish a plan for public relations.
Consider hiring a public relations agent
⩥ Discuss marketing and the 10 key questions to be considered related
to marketing..
Answer: •What are we in and what is the purpose for the organization's
existence?
•Who is the client?
•What is the client's need?
•Which markets should the organization be addressing?
•What are the strengths of the organization?
•What are the weaknesses of the organization that need to be attended
to?
•Who are the competitors?
•Which groups (sections/targets do we want to serve in the community?
•What are our marketing strategies to communicate to these groups?
•What strategies should we develop related to pricing, promotion,
access, and the types of services offered?
⩥ Identify and describe the current marketable skills as related to
traditional roles of the NP..
Answer: A.Clinician
B.Consultant
C.Educator
, D.Researcher
E.Administrator
⩥ Describe/discuss ownership or structure of a business.
Sole Proprietorship -.
Answer: a.Owned and operated by one person
b.Simple organization
c.Easy to form / inexpensive
d.Owner resumes all responsibility and risk
e.Advantages
i.Owner makes all decisions
ii.Losses can be deducted from person income
iii.No potential liability for purchases, mistakes or bad judgments from
partners
iv.No double taxation
f.Disadvantages
i.Owner responsible for all expenses
ii.Ups and down are managed alone
⩥ Describe/discuss ownership or structure of a business.
Partnership-.
STUDY GUIDE QUESTIONS AND SOLUTIONS
CERTIFICATION EVALUATION GRADED A+
⩥ What is considered a typical payment rate to a physician collaborator
by an NP with an Independent practice?.
Answer: The NP pays the physician 10% of net revenue for consultation
fee.
⩥ What is the difference between the resume and the curriculum vitae
(CV.
Answer: The CV is an overview of your professional life, everything
you have done professionally. A resume is a general and concise
introduction of your experiences and skills as they relate to a particular
career or position that you are aiming to acquire.
⩥ When should the resume be used?.
Answer: A resume is used to apply to most non-academic jobs
⩥ When should the CV be used?.
Answer: CVs are mostly used when applying for faculty positions, for
grants or fellowships or for research positions in industry, academia or
government. Whenever your research productivity and teaching
experience would be valued.
,⩥ How often should both be revised/updated?.
Answer: Every 6 months
⩥ When and how could each be required to submit in the course of the
career of the APN?.
Answer: Resume- for each time you apply for a job or advancement
within current position. CV- Any time you apply for a faculty positions,
grants or fellowships or for research positions, academia or government.
⩥ What are the steps of the marketing process?.
Answer: •Assessment of personal and professional goals, Planning,
Implementation (updated resumes, prepared for interviews), Evaluation
⩥ What are the 4 "Ps" of marketing? Discuss the characteristics of each
of the "Ps". Discuss the characteristics of the 5th "P"..
Answer: 1.Product - The service the APN offers. "YOU!" Consider the
benefit of the product (Convenience, uniqueness, quality, economy,
scope of service.)
2.Place - The location and environment for the APN practice
3.Price - The monetary value exchanged for the services of the APN--
Profit - sum of money left over after revenue is generated and bills are
paid. Fixed Costs. Variable costs. Total Costs
4.Promotion - The marketing of the services offered and available by the
APN to the target population/group/community
,5.Public relations-The "5th P"-Establish a plan for public relations.
Consider hiring a public relations agent
⩥ Discuss marketing and the 10 key questions to be considered related
to marketing..
Answer: •What are we in and what is the purpose for the organization's
existence?
•Who is the client?
•What is the client's need?
•Which markets should the organization be addressing?
•What are the strengths of the organization?
•What are the weaknesses of the organization that need to be attended
to?
•Who are the competitors?
•Which groups (sections/targets do we want to serve in the community?
•What are our marketing strategies to communicate to these groups?
•What strategies should we develop related to pricing, promotion,
access, and the types of services offered?
⩥ Identify and describe the current marketable skills as related to
traditional roles of the NP..
Answer: A.Clinician
B.Consultant
C.Educator
, D.Researcher
E.Administrator
⩥ Describe/discuss ownership or structure of a business.
Sole Proprietorship -.
Answer: a.Owned and operated by one person
b.Simple organization
c.Easy to form / inexpensive
d.Owner resumes all responsibility and risk
e.Advantages
i.Owner makes all decisions
ii.Losses can be deducted from person income
iii.No potential liability for purchases, mistakes or bad judgments from
partners
iv.No double taxation
f.Disadvantages
i.Owner responsible for all expenses
ii.Ups and down are managed alone
⩥ Describe/discuss ownership or structure of a business.
Partnership-.
