N471 FINAL MODULE QUESTIONS AND ANSWERS
What area do consumers value the most when seeking health care? - CORRECT ANSWER✅✅✅High
quality, low cost, and ability to meet patient outcomes
Health care is not only financed by private insurance, government funding, and private donations but
also by individual out-of-pocket expenses. - CORRECT ANSWER✅✅✅True
Choose the four major reimbursement methods: - CORRECT ANSWER✅✅✅Charge, Rate based on
services rendered, Flat-rate, Cost-based
A nurse manager is considering the use of critical pathways for a nursing unit. Which statement
regarding critical pathways is most accurate? - CORRECT ANSWER✅✅✅They can be used to monitor
quality of care
A nurse manager is preparing a presentation to be delivered to a group of nurses in a nursing unit about
the current U.S. healthcare system. Which statement about resource utilization is most accurate? -
CORRECT ANSWER✅✅✅The health care resources that are available in the United States are not
used cost-effectively.
A nurse manager is considering the reasons for the current problems with the healthcare system. Which
are negative consequences of higher spending in health care? (Select all that apply.) - CORRECT
ANSWER✅✅✅Higher spending may result in duplication of services.
Higher spending may result in overuse of technology.
Higher spending may result in overutilization of services
A new nurse manager is learning about fiscal planning. Which are barriers for nurse managers'
participation in fiscal planning? (Select all that apply.) - CORRECT ANSWER✅✅✅Nursing education
lacks preparation in fiscal planning.
Many nurses perceive that fiscal planning is difficult.
A nurse manager is considering how to gain more staff involvement in meeting budgetary goals. Which
activity is most likely to result in staff understanding and participating in budgetary goals? - CORRECT
ANSWER✅✅✅Communicating budgetary planning goals to staff
,operational budgets are financial plans for the entire organization day-to-day operations. This type of
budget includes which of the following? - CORRECT ANSWER✅✅✅Payroll, supplies, and expenses
The nurse leader does not need to be concerned with the budgeting process steps. - CORRECT
ANSWER✅✅✅False
Nurse leaders can use the nursing process to develop a budget for their unit or department. - CORRECT
ANSWER✅✅✅True
What is the term for the notion that a person with the most direct control or influence on financial
elements such as revenues, expenses, assets, and liabilities should be held accountable for them? -
CORRECT ANSWER✅✅✅Responsibility accounting
A nurse manager is reviewing the budget for the nursing unit. Which budget covers the expenditures for
the unit's workforce? - CORRECT ANSWER✅✅✅Personnel
A nurse manager is considering revising the budget cycle for the nursing unit. Which budget cycle has
the greatest probability for error? - CORRECT ANSWER✅✅✅Planning for the distant future
A nursing manager is considering the budget for a nursing unit as compared with the overall institutional
budget. Which is the most negative outcome of multiple nursing units "padding" or inflating their
department budgets to cushion against administrative cuts? - CORRECT ANSWER✅✅✅The entire
institution's budget may be ineffective.
A nurse manager is preparing the annual budget for the coming fiscal year, and is considering what the
goal is of using the allocated funds. What stage of the budgetary process is this? - CORRECT
ANSWER✅✅✅Diagnosis
A nurse manager is evaluating the current fiscal year budget. Which statement regarding the evaluation
stage of the budgetary process is most accurate? - CORRECT ANSWER✅✅✅Large variations from
the projected budget must be examined.
, Health care reimbursement affects both the operational budget and the departmental budget. -
CORRECT ANSWER✅✅✅True
Which of the following are factors that affect the ability to forecast the budget? SATA - CORRECT
ANSWER✅✅✅Mission and philosophy of the organization
Political culture
Economics
Social climate
Legislative climate
Which of the following refers to the system in which facilities join a payment system, whereby they
receive a specified a fixed payment for each Medicare patient's admission, regardless of the actual cost?
- CORRECT ANSWER✅✅✅Prospective payment system (PPS)
A nurse manager is using a budgeting approach that requires justification for each budgetary need.
What approach is being used? - CORRECT ANSWER✅✅✅Zero-based
Which budgeting approach can foster overspending? - CORRECT ANSWER✅✅✅Incremental
A nurse manager wants to improve the efficiency and effectiveness of budgetary expenditures. Which
budgeting approach would be the best to use in this situation? - CORRECT
ANSWER✅✅✅Performance
A new nurse manager with limited budgeting expertise is considering what approach to use to
determine the budget of the nursing unit for the upcoming fiscal year. Which approach would be the
easiest to implement? - CORRECT ANSWER✅✅✅Incremental
Which of the following are steps included in the flexible budgeting process? (Select all that apply.) -
CORRECT ANSWER✅✅✅Determine the time period for the budget
Analyze the cost patterns over that period of time
Separate the costs into fixed, variable, or mixed categories
Forecast the cost for each of these categories of activities
What area do consumers value the most when seeking health care? - CORRECT ANSWER✅✅✅High
quality, low cost, and ability to meet patient outcomes
Health care is not only financed by private insurance, government funding, and private donations but
also by individual out-of-pocket expenses. - CORRECT ANSWER✅✅✅True
Choose the four major reimbursement methods: - CORRECT ANSWER✅✅✅Charge, Rate based on
services rendered, Flat-rate, Cost-based
A nurse manager is considering the use of critical pathways for a nursing unit. Which statement
regarding critical pathways is most accurate? - CORRECT ANSWER✅✅✅They can be used to monitor
quality of care
A nurse manager is preparing a presentation to be delivered to a group of nurses in a nursing unit about
the current U.S. healthcare system. Which statement about resource utilization is most accurate? -
CORRECT ANSWER✅✅✅The health care resources that are available in the United States are not
used cost-effectively.
A nurse manager is considering the reasons for the current problems with the healthcare system. Which
are negative consequences of higher spending in health care? (Select all that apply.) - CORRECT
ANSWER✅✅✅Higher spending may result in duplication of services.
Higher spending may result in overuse of technology.
Higher spending may result in overutilization of services
A new nurse manager is learning about fiscal planning. Which are barriers for nurse managers'
participation in fiscal planning? (Select all that apply.) - CORRECT ANSWER✅✅✅Nursing education
lacks preparation in fiscal planning.
Many nurses perceive that fiscal planning is difficult.
A nurse manager is considering how to gain more staff involvement in meeting budgetary goals. Which
activity is most likely to result in staff understanding and participating in budgetary goals? - CORRECT
ANSWER✅✅✅Communicating budgetary planning goals to staff
,operational budgets are financial plans for the entire organization day-to-day operations. This type of
budget includes which of the following? - CORRECT ANSWER✅✅✅Payroll, supplies, and expenses
The nurse leader does not need to be concerned with the budgeting process steps. - CORRECT
ANSWER✅✅✅False
Nurse leaders can use the nursing process to develop a budget for their unit or department. - CORRECT
ANSWER✅✅✅True
What is the term for the notion that a person with the most direct control or influence on financial
elements such as revenues, expenses, assets, and liabilities should be held accountable for them? -
CORRECT ANSWER✅✅✅Responsibility accounting
A nurse manager is reviewing the budget for the nursing unit. Which budget covers the expenditures for
the unit's workforce? - CORRECT ANSWER✅✅✅Personnel
A nurse manager is considering revising the budget cycle for the nursing unit. Which budget cycle has
the greatest probability for error? - CORRECT ANSWER✅✅✅Planning for the distant future
A nursing manager is considering the budget for a nursing unit as compared with the overall institutional
budget. Which is the most negative outcome of multiple nursing units "padding" or inflating their
department budgets to cushion against administrative cuts? - CORRECT ANSWER✅✅✅The entire
institution's budget may be ineffective.
A nurse manager is preparing the annual budget for the coming fiscal year, and is considering what the
goal is of using the allocated funds. What stage of the budgetary process is this? - CORRECT
ANSWER✅✅✅Diagnosis
A nurse manager is evaluating the current fiscal year budget. Which statement regarding the evaluation
stage of the budgetary process is most accurate? - CORRECT ANSWER✅✅✅Large variations from
the projected budget must be examined.
, Health care reimbursement affects both the operational budget and the departmental budget. -
CORRECT ANSWER✅✅✅True
Which of the following are factors that affect the ability to forecast the budget? SATA - CORRECT
ANSWER✅✅✅Mission and philosophy of the organization
Political culture
Economics
Social climate
Legislative climate
Which of the following refers to the system in which facilities join a payment system, whereby they
receive a specified a fixed payment for each Medicare patient's admission, regardless of the actual cost?
- CORRECT ANSWER✅✅✅Prospective payment system (PPS)
A nurse manager is using a budgeting approach that requires justification for each budgetary need.
What approach is being used? - CORRECT ANSWER✅✅✅Zero-based
Which budgeting approach can foster overspending? - CORRECT ANSWER✅✅✅Incremental
A nurse manager wants to improve the efficiency and effectiveness of budgetary expenditures. Which
budgeting approach would be the best to use in this situation? - CORRECT
ANSWER✅✅✅Performance
A new nurse manager with limited budgeting expertise is considering what approach to use to
determine the budget of the nursing unit for the upcoming fiscal year. Which approach would be the
easiest to implement? - CORRECT ANSWER✅✅✅Incremental
Which of the following are steps included in the flexible budgeting process? (Select all that apply.) -
CORRECT ANSWER✅✅✅Determine the time period for the budget
Analyze the cost patterns over that period of time
Separate the costs into fixed, variable, or mixed categories
Forecast the cost for each of these categories of activities
