NAB Exam- Everything that is needed to know is here

NAB Exam- Everything that is needed to know is here A line authority position is characterized by - answerDecision making vested in the supervisor An example of line authority is - answerAdministrator Major schools of thought regarding source of authority are - answerformal and subordinate acceptance The scope of authority in the operation of the nursing facility is greatest at which level - answerOwnership Ultimate authority in a private corporate nursing facility is with the - answerBoard of directors Managerial authority is power - answerto command, issue orders or exact action by subordinates Decentralized authority is characterized by - answerprocess of delegating authority Centralized authority is - answervesting decision making in top managment Authority vested in a supervisory nurse is - answermiddle management authority Decision making authority is when a supervisor - answerhires, fires and makes judgmental decisions Concepts of modern management recommend that an effective administrator will delegate - answeroperational authority Unity of command refers to - answerreporting to one supervisor Which of the following forms of business is considered the oldest form of business - answersole proprietorship The term proprietorship as it relates to the nursing facility industry means - answerprivately owned The majority of nursing facility beds in the united states are owned by - answercorporations Which of the following forms of ownership must have articles drawn up and reduced to writing? - answercorporation Under which form of ownership would the administrator have the greatest latitude of authority and decision making? - answerSole proprietorship All but one are considered advantages of sole proprietorship - answerUnlimited liability All but one are considered disadvantages of a partnership - answerRetention of valuable employees A corporation is - answera 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? - answerCorporation A nonprofit corporation is one which - answermakes 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 - answera governing bod