NAB Exam 2023 Questions and Answers with complete solution

A line authority position is characterized by - CORRECT ANS Decision making vested in the supervisor An example of line authority is - CORRECT ANS Administrator Major schools of thought regarding source of authority are - CORRECT ANS formal and subordinate acceptance The scope of authority in the operation of the nursing facility is greatest at which level - CORRECT ANS Ownership Ultimate authority in a private corporate nursing facility is with the - CORRECT ANS Board of directors Managerial authority is power - CORRECT ANS to command, issue orders or exact action by subordinates Decentralized authority is characterized by - CORRECT ANS process of delegating authority Centralized authority is - CORRECT ANS vesting decision making in top managment Authority vested in a supervisory nurse is - CORRECT ANS middle management authority Decision making authority is when a supervisor - CORRECT ANS hires, fires and makes judgmental decisions Concepts of modern management recommend that an effective administrator will delegate - CORRECT ANS operational authority Unity of command refers to - CORRECT ANS reporting to one supervisor Which of the following forms of business is considered the oldest form of business - CORRECT ANS sole proprietorship The term proprietorship as it relates to the nursing facility industry means - CORRECT ANS privately owned The majority of nursing facility beds in the united states are owned by - CORRECT ANS corporations Which of the following forms of ownership must have articles drawn up and reduced to writing? - CORRECT ANS corporation Under which form of ownership would the administrator have the greatest latitude of authority and decision making? - CORRECT ANS Sole proprietorship All but one are considered advantages of sole proprietorship - CORRECT ANS Unlimited liability All but one are considered disadvantages of a partnership - CORRECT ANS Retention of valuable employees A corporation is - CORRECT ANS 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? - CORRECT ANS Corporation A nonprofit corporation is one which - CORRECT ANS 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 - CORRECT ANS a governing body