NAB Study Guide Questions

NAB Study Guide Questions Education and training programs. - ANSWER-To obtain more accurate cost estimates and more control over costs (participatory budget making process - others are more likely to consider the budget legitimate). A change in which one of the following is not likely to be the cause of a budget variance? - ANSWER-The personal needs allowance. "Assets are always equal to the sum of liabilities plus owners' equity" is the basic concept in the organization of the: - ANSWER-Balance Sheet. The financial success or failure of a nursing facility is usually measured by its: - ANSWER-Return on Equity (net income - i.e., revenues in excess of expenses) and divides it by owners' equity). If a facility has a current ratio greater than 1, which of the following statements is most likely to be true? - ANSWER-It will be able to pay its bills on time (current ratio greater than 1 means that the organization's current assets exceed its current liabilities, and this indicates a good ability to pay short-term liabilities as they come in). A check should generally be issued only when which one of the following is available and properly signed? - ANSWER-Purchase Order. The importance of matching revenue with the expenses incurred in generating those revenue