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 - Answer ️️ -Decision making vested in the supervisor An example of line authority is - Answer ️️ -Administrator Major schools of thought regarding source of authority are - Answer ️️ -formal and subordinate acceptance The scope of authority in the operation of the nursing facility is greatest at which level - Answer ️️ -Ownership Ultimate authority in a private corporate nursing facility is with the - Answer ️️ -Board of directors Managerial authority is power - Answer ️️ -to command, issue orders or exact action by subordinates Decentralized authority is characterized by - Answer ️️ -process of delegating authority Centralized authority is - Answer ️️ -vesting decision making in top managment Authority vested in a supervisory nurse is - Answer ️️ -middle management authority Decision making authority is when a supervisor - Answer ️️ -hires, fires and makes judgmental decisions Concepts of modern management recommend that an effective administrator will delegate - Answer ️️ -operational authority Unity of command refers to - Answer ️️ -reporting to one supervisor Which of the following forms of business is considered the oldest form of business - Answer ️️ -sole proprietorship The term proprietorship as it relates to the nursing facility industry means - Answer ️️ - privately owned The majority of nursing facility beds in the united states are owned by - Answer ️️ - corporations Which of the following forms of ownership must have articles drawn up and reduced to writing? - Answer ️️ -corporation Under which form of ownership would the administrator have the greatest latitude of authority and decision making? - Answer ️️ -Sole proprietorship All but one are considered advantages of sole proprietorship - Answer ️️ -Unlimited liability All but one are considered disadvantages of a partnership - Answer ️️ -Retention of valuable employees A corporation is - Answer ️️ -a 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? - Answer ️️ -Corporati