NAB Exam Study set
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1. What does an INCOME STATEMENT or PROFIT AND It details operating in-
LOSS STATEMENT tell an investor? come and expenses and
how efficiently the NHA is
managing the facility
2. What is the purpose of an Anticoagulant medication? It is a blood thinner used
to prevent blood clots and
to reduce clots.
3. What is the main medical condition that would be CVA, TIA and strokes
treated with anti-coagulants?
4. What is a Union Shop Steward? An employee who works
for the company and is a
union member who acts
as the local union rep
5. What is the minimum length of a telephone cord? 29 inches
6. A current asset or liability must be sold or paid within Within 12 months
how many months?
7. A non-current asset or liability must be sold or paid Within more than 12
within how many months? months
8. What is a physiatrist? A sports doctor who spe-
cializes in musculoskeletal
injuries and works closely
with PT & OT
9. What are the three budgets we work with? Operating, cash and capi-
tal
10. A What are the 2 main strategic budgets we work with?
, NAB Exam Study set
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The operating and capital
budgets
11. What is the main benefit of a limited liability partner- If sued, can only collect
ship or Limited Liability Corporation? against the assets of the
partnership or corpora-
tion and not individuals
12. What is the key to an effective emergency manage- Must identify all potential
ment plan ? disasters and dangers that
may threaten the facility
and plan of action to ad-
dress those threats
13. What is a deposit of money to ensure the performance A surety bond or perfor-
of an obligation? mance bond
14. A Who must be on a surety bond? The residents and the
State
15. What is an ADL? An ADL is Personal
care - showering, groom-
ing, eating, dressing and
transferring
16. What is an instrumental ADL? Housekeeping, managing
finances by writing checks,
going to doctor appoint-
ments, going to the store
to buy food, going to the
mall
17.
, NAB Exam Study set
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What does Hyper mean such as hyperglycemia - hy- Hyper means high or ele-
pertension - hyperactivity vated
18. What does HYPO mean? Hypo means low
19. Overhead expense such as deprecation or insurance Indirect expenses - cannot
are classified as what type of expense? be charged to a particular
department
20. Holding employers responsible for acts of their em- Respondent superior
ployees is called ?
21. What are 2 other names for Respondent Superior? Strict liability and vicarious
liability
22. What is a capital asset or capital expense? Weekend Overtime
23. Planned purchase of physical assets or capital assets A capital budget
is accomplished through which budget?
24. What is the impact of the failure to record or account The facility will overstate its
for depreciation? assets
25. A minimum wage is imposed by which law? The Fair Labor Standards
Act which requires a fed-
eral minimum wage and
overtime.
26. Who enforces the FLSA? The Department of Labor
Department
27. What is a swing bed in a rural hospital? A hospital in a rural area
with 100,000 or fewer
people that can swing a
Study online at https://quizlet.com/_1x2qzb
1. What does an INCOME STATEMENT or PROFIT AND It details operating in-
LOSS STATEMENT tell an investor? come and expenses and
how efficiently the NHA is
managing the facility
2. What is the purpose of an Anticoagulant medication? It is a blood thinner used
to prevent blood clots and
to reduce clots.
3. What is the main medical condition that would be CVA, TIA and strokes
treated with anti-coagulants?
4. What is a Union Shop Steward? An employee who works
for the company and is a
union member who acts
as the local union rep
5. What is the minimum length of a telephone cord? 29 inches
6. A current asset or liability must be sold or paid within Within 12 months
how many months?
7. A non-current asset or liability must be sold or paid Within more than 12
within how many months? months
8. What is a physiatrist? A sports doctor who spe-
cializes in musculoskeletal
injuries and works closely
with PT & OT
9. What are the three budgets we work with? Operating, cash and capi-
tal
10. A What are the 2 main strategic budgets we work with?
, NAB Exam Study set
Study online at https://quizlet.com/_1x2qzb
The operating and capital
budgets
11. What is the main benefit of a limited liability partner- If sued, can only collect
ship or Limited Liability Corporation? against the assets of the
partnership or corpora-
tion and not individuals
12. What is the key to an effective emergency manage- Must identify all potential
ment plan ? disasters and dangers that
may threaten the facility
and plan of action to ad-
dress those threats
13. What is a deposit of money to ensure the performance A surety bond or perfor-
of an obligation? mance bond
14. A Who must be on a surety bond? The residents and the
State
15. What is an ADL? An ADL is Personal
care - showering, groom-
ing, eating, dressing and
transferring
16. What is an instrumental ADL? Housekeeping, managing
finances by writing checks,
going to doctor appoint-
ments, going to the store
to buy food, going to the
mall
17.
, NAB Exam Study set
Study online at https://quizlet.com/_1x2qzb
What does Hyper mean such as hyperglycemia - hy- Hyper means high or ele-
pertension - hyperactivity vated
18. What does HYPO mean? Hypo means low
19. Overhead expense such as deprecation or insurance Indirect expenses - cannot
are classified as what type of expense? be charged to a particular
department
20. Holding employers responsible for acts of their em- Respondent superior
ployees is called ?
21. What are 2 other names for Respondent Superior? Strict liability and vicarious
liability
22. What is a capital asset or capital expense? Weekend Overtime
23. Planned purchase of physical assets or capital assets A capital budget
is accomplished through which budget?
24. What is the impact of the failure to record or account The facility will overstate its
for depreciation? assets
25. A minimum wage is imposed by which law? The Fair Labor Standards
Act which requires a fed-
eral minimum wage and
overtime.
26. Who enforces the FLSA? The Department of Labor
Department
27. What is a swing bed in a rural hospital? A hospital in a rural area
with 100,000 or fewer
people that can swing a
