NAB DOMAIN 3 FINANCE-BUSINESS
QUIZZES WITH RIGHTFUL ANSWERS.
The,staff,person,responsible,for,ensuring,that,the,business,office,runs,smoothly,is,,in,the,final,analysis,,
1.,corporate,finance,director
2.,the,administrator
3.,business,office,staff
4.,facility,treasurer,ANS,,-,2.,the,administrator
In,general,,the,ownership,patterns,for,U.S.,nursing,facilities,in,2006
1.,were,unstable
2.,varied,widely,from,state,to,state
3.,were,somewhat,stable
4.,were,unchanged,from,89,years,earlier,ANS,,-,3.,were,somewhat,stable
Generating,reports,on,the,financial,standing,of,the,nursing,facility,is,generally,assigned,to,
1.,the,accountant
2.,the,director,of,finance
3.,the,administrative,assistant
4.,the,chief,financial,officer,(CFO),ANS,,-,1.,the,accountant
Responsibility,and,blame,for,overspending,in,the,department,of,nursing,and,in,food,services,are,typical
ly,assigned,by,the,owners,to,the,
1.,director,of,nursing,and,director,of,food,services
2.,director,of,nursing,and,the,dietitian
3.,chief,financial,officer
4.,administrator,ANS,,-,4.,administrator
A,set,of,records,that,lists,each,monetary,transaction,of,the,facility,is,normally,referred,to,as
,1.,the,books
2.,financial,statements
3.,monetary,records
4.,income,and,revenue,statement,ANS,,-,1.,the,books
The,primary,purpose,of,the,Generally,Accepted,Accounting,Principles,is,to
1.,guarantee,honesty,among,providers
2.,maximize,comparability,of,financial,statements,of,different,organizations
3.,create,a,single,view,among,financial,managers
4,.,protect,the,owners,ANS,,-
,2.,maximize,comparability,of,financial,statements,of,different,organizations
An,owner,who,takes,unrecorded,cash,from,the,facility's,daily,cash,intake,to,purchase,a,tablet,for,his,da
ughter,to,use,at,college,has,violated,the,__________,concept
1.,consistency
2.,entity
3.,time,period
4.,objective,evidence,ANS,,-,2.,entity
Instructing,the,financial,manager,to,record,assets,at,current,market,value,and,to,not,record,patient,bill
s,expected,to,become,uncollectible,violates,the,________,concept
1.,entity
2.,good,faith
3.,time,period
4.,consistency,ANS,,-,4.,consistency
Telling,the,accountant,not,to,record,overtime,paid,from,the,cash,box,to,employees,working,weekends,i
s,violating,the,_______,concept
1.,ongoing,concern
2,.,entity
,3.,full,disclosure
4.,time,period,ANS,,-,3.,full,disclosure
Directing,the,accountant,to,move,from,a,January,1,date,to,a,June,30,fiscal,year,date,in,order,to,minimi
ze,the,negative,image,possibly,created,by,an,anticipated,loss,violates,the,_______,concept
1.,ongoing,concern
2.,time,period
3.,conservation
4.,entity,ANS,,-,2.,time,period
Allowing,the,bookkeeper,to,destroy,vouchers,showing,payments,made,for,meals,to,employees,once,th
ese,are,recorded,may,violate,the,_______,concept,
1.,objective,evidence
2.,consistency
3.,time,period
4.,entity,ANS,,-,1.,objective,evidence
Pieces,of,paper,indicating,money,owed,to,or,by,the,facility,,bank,statements,,and,similar,pieces,of,pape
r,or,its,electronic,equivalent,are,known,as,_____.
1.,paper,trail
2.,source,documents
3.,bill,of,lading
4.,records,ANS,,-,2.,source,documents
An,administrator,who,instructs,the,accountant,to,begin,reporting,facility,finances,by,recording,all,expe
nditures,and,all,receipts,as,they,actually,occur,has,decided,to,use,the,_______,system,of,accounting
1.,cash
2.,implied
3.,no-fault
4.,accrual,ANS,,-,1.,cash
, It,is,difficult,to,recognize,items,such,as,depreciation,and,prepaid,insurance,in,the,______,system,of,acc
ounting
1.,accrual
2.,simplified
3.,cash
4.,income,and,expense,ANS,,-,3.,cash
An,administrator,directing,the,accountant,to,record,revenues,when,they,are,earned,and,expenses,whe
n,they,are,incurred,regardless,of,the,time,the,cash,transaction,takes,place,has,decided,to,use,the,____
______,approach,to,accounting
1.,accrual
2.,cash
3.,simplified
4.,advanced,ANS,,-,1.,accrual
Allowing,the,facility,to,accurately,measure,revenues,earned,after,expenses,have,been,paid,or,losses,inc
urred,by,matching,revenues,and,expenses,for,each,time,period,is,the,advantage,of,the,_____,system,of
,accounting.
1.,accrual
2.,cash
3.,income,and,loss
4.,advanced,electronic,ANS,,-,1.,accrual
A,summary,of,the,nursing,Home's,financial,well-
being,within,a,time,period,is,normally,referred,to,as,_______
1.,the,financial,statements
2.,profit,and,loss
3.,notes,to,changes,in,financial,condition
4.,statements,of,change,ANS,,-,1.,the,financial,statements
QUIZZES WITH RIGHTFUL ANSWERS.
The,staff,person,responsible,for,ensuring,that,the,business,office,runs,smoothly,is,,in,the,final,analysis,,
1.,corporate,finance,director
2.,the,administrator
3.,business,office,staff
4.,facility,treasurer,ANS,,-,2.,the,administrator
In,general,,the,ownership,patterns,for,U.S.,nursing,facilities,in,2006
1.,were,unstable
2.,varied,widely,from,state,to,state
3.,were,somewhat,stable
4.,were,unchanged,from,89,years,earlier,ANS,,-,3.,were,somewhat,stable
Generating,reports,on,the,financial,standing,of,the,nursing,facility,is,generally,assigned,to,
1.,the,accountant
2.,the,director,of,finance
3.,the,administrative,assistant
4.,the,chief,financial,officer,(CFO),ANS,,-,1.,the,accountant
Responsibility,and,blame,for,overspending,in,the,department,of,nursing,and,in,food,services,are,typical
ly,assigned,by,the,owners,to,the,
1.,director,of,nursing,and,director,of,food,services
2.,director,of,nursing,and,the,dietitian
3.,chief,financial,officer
4.,administrator,ANS,,-,4.,administrator
A,set,of,records,that,lists,each,monetary,transaction,of,the,facility,is,normally,referred,to,as
,1.,the,books
2.,financial,statements
3.,monetary,records
4.,income,and,revenue,statement,ANS,,-,1.,the,books
The,primary,purpose,of,the,Generally,Accepted,Accounting,Principles,is,to
1.,guarantee,honesty,among,providers
2.,maximize,comparability,of,financial,statements,of,different,organizations
3.,create,a,single,view,among,financial,managers
4,.,protect,the,owners,ANS,,-
,2.,maximize,comparability,of,financial,statements,of,different,organizations
An,owner,who,takes,unrecorded,cash,from,the,facility's,daily,cash,intake,to,purchase,a,tablet,for,his,da
ughter,to,use,at,college,has,violated,the,__________,concept
1.,consistency
2.,entity
3.,time,period
4.,objective,evidence,ANS,,-,2.,entity
Instructing,the,financial,manager,to,record,assets,at,current,market,value,and,to,not,record,patient,bill
s,expected,to,become,uncollectible,violates,the,________,concept
1.,entity
2.,good,faith
3.,time,period
4.,consistency,ANS,,-,4.,consistency
Telling,the,accountant,not,to,record,overtime,paid,from,the,cash,box,to,employees,working,weekends,i
s,violating,the,_______,concept
1.,ongoing,concern
2,.,entity
,3.,full,disclosure
4.,time,period,ANS,,-,3.,full,disclosure
Directing,the,accountant,to,move,from,a,January,1,date,to,a,June,30,fiscal,year,date,in,order,to,minimi
ze,the,negative,image,possibly,created,by,an,anticipated,loss,violates,the,_______,concept
1.,ongoing,concern
2.,time,period
3.,conservation
4.,entity,ANS,,-,2.,time,period
Allowing,the,bookkeeper,to,destroy,vouchers,showing,payments,made,for,meals,to,employees,once,th
ese,are,recorded,may,violate,the,_______,concept,
1.,objective,evidence
2.,consistency
3.,time,period
4.,entity,ANS,,-,1.,objective,evidence
Pieces,of,paper,indicating,money,owed,to,or,by,the,facility,,bank,statements,,and,similar,pieces,of,pape
r,or,its,electronic,equivalent,are,known,as,_____.
1.,paper,trail
2.,source,documents
3.,bill,of,lading
4.,records,ANS,,-,2.,source,documents
An,administrator,who,instructs,the,accountant,to,begin,reporting,facility,finances,by,recording,all,expe
nditures,and,all,receipts,as,they,actually,occur,has,decided,to,use,the,_______,system,of,accounting
1.,cash
2.,implied
3.,no-fault
4.,accrual,ANS,,-,1.,cash
, It,is,difficult,to,recognize,items,such,as,depreciation,and,prepaid,insurance,in,the,______,system,of,acc
ounting
1.,accrual
2.,simplified
3.,cash
4.,income,and,expense,ANS,,-,3.,cash
An,administrator,directing,the,accountant,to,record,revenues,when,they,are,earned,and,expenses,whe
n,they,are,incurred,regardless,of,the,time,the,cash,transaction,takes,place,has,decided,to,use,the,____
______,approach,to,accounting
1.,accrual
2.,cash
3.,simplified
4.,advanced,ANS,,-,1.,accrual
Allowing,the,facility,to,accurately,measure,revenues,earned,after,expenses,have,been,paid,or,losses,inc
urred,by,matching,revenues,and,expenses,for,each,time,period,is,the,advantage,of,the,_____,system,of
,accounting.
1.,accrual
2.,cash
3.,income,and,loss
4.,advanced,electronic,ANS,,-,1.,accrual
A,summary,of,the,nursing,Home's,financial,well-
being,within,a,time,period,is,normally,referred,to,as,_______
1.,the,financial,statements
2.,profit,and,loss
3.,notes,to,changes,in,financial,condition
4.,statements,of,change,ANS,,-,1.,the,financial,statements
