Page |1
NAB Exam Questions and Answers with Complete
Solutions UPDATED!!!
(Cash + Current Receivables) / Current Liabilities = - ANSWER
Acid Test Ratio
(Cash + Marketable Securities) / ((Total Operating Expenses -
Depreciation) / 365) = - ANSWER Days of Cash
(required staff / provided staff) * 100 = - ANSWER Employee
Productivity
A comprehensive care plan must be completed within how
many days once the comprehensive assessment is made? -
ANSWER 7 Days
A comprehensive care plan must be developed with how many
days of MDS completion? - ANSWER 7 Days (Medicare or 14
days Medicaid)
A condition continuing over a long period of time or recurring
frequently? - ANSWER Chronic Condition
, Page |2
A condition that often begins inconspicuously and symptoms
are less pronounced than acute conditions? - ANSWER Chronic
Condition
A coordinated and aggregated series of work elements used to
produce an output? - ANSWER Task
A current trial balance includes? - ANSWER Debits, Credits,
Names of Accounts (not zero balance)
A declining proration of asset cost is defined as? - ANSWER
Amortization
A decrease in density of bones causing structural weakness
throughout the skeleton? - ANSWER Osteoporosis
A disease the happens suddenly and lasts a short time? -
ANSWER Acute Condition
, Page |3
A document that enables a manager to understand what kind of
applicant would be best suited for a job? - ANSWER Job Profile
A document that shows the details of a sale and usually
includes (or implies) a request for payment? - ANSWER Invoice
A drug (ex. Aspirin) that reduces or eliminates pain without
affecting consciousness? - ANSWER Analgesic
A facility must be free of med errors greater than what
percentage? - ANSWER 5% or greater
A facility must give how many days notice to a Union for a
desired contract change? - ANSWER 90 Days
A federal agency that administers Medicare as well as federal
guidelines for Medicaid? - ANSWER HFCA (Health Care
Financing Administration)
A financial statement that provides information for planning
short-term cash needs? - ANSWER Cash Flow Statement
, Page |4
A financial statement that shows cash receipts and
disbursements leading to a net change in cash in a given
period? - ANSWER Cash Flow Statement
A financial statement that treats hypothetical events as though
they had actually happened, and hence includes fictitious data
in whole or in part? - ANSWER Pro Forma Statement
A fire that is out of control is referred to as a? - ANSWER
Flashover
A fixed daily payment? - ANSWER Per Diem
A Form 1099-MISC must be issued when an independent
contractor is paid more than this amount during a single year? -
ANSWER $600
A form of business that is incorporated under the laws of one of
the states. There may be a single stockholder or thousands of
holders. It is a separate legal entity from its owners and
NAB Exam Questions and Answers with Complete
Solutions UPDATED!!!
(Cash + Current Receivables) / Current Liabilities = - ANSWER
Acid Test Ratio
(Cash + Marketable Securities) / ((Total Operating Expenses -
Depreciation) / 365) = - ANSWER Days of Cash
(required staff / provided staff) * 100 = - ANSWER Employee
Productivity
A comprehensive care plan must be completed within how
many days once the comprehensive assessment is made? -
ANSWER 7 Days
A comprehensive care plan must be developed with how many
days of MDS completion? - ANSWER 7 Days (Medicare or 14
days Medicaid)
A condition continuing over a long period of time or recurring
frequently? - ANSWER Chronic Condition
, Page |2
A condition that often begins inconspicuously and symptoms
are less pronounced than acute conditions? - ANSWER Chronic
Condition
A coordinated and aggregated series of work elements used to
produce an output? - ANSWER Task
A current trial balance includes? - ANSWER Debits, Credits,
Names of Accounts (not zero balance)
A declining proration of asset cost is defined as? - ANSWER
Amortization
A decrease in density of bones causing structural weakness
throughout the skeleton? - ANSWER Osteoporosis
A disease the happens suddenly and lasts a short time? -
ANSWER Acute Condition
, Page |3
A document that enables a manager to understand what kind of
applicant would be best suited for a job? - ANSWER Job Profile
A document that shows the details of a sale and usually
includes (or implies) a request for payment? - ANSWER Invoice
A drug (ex. Aspirin) that reduces or eliminates pain without
affecting consciousness? - ANSWER Analgesic
A facility must be free of med errors greater than what
percentage? - ANSWER 5% or greater
A facility must give how many days notice to a Union for a
desired contract change? - ANSWER 90 Days
A federal agency that administers Medicare as well as federal
guidelines for Medicaid? - ANSWER HFCA (Health Care
Financing Administration)
A financial statement that provides information for planning
short-term cash needs? - ANSWER Cash Flow Statement
, Page |4
A financial statement that shows cash receipts and
disbursements leading to a net change in cash in a given
period? - ANSWER Cash Flow Statement
A financial statement that treats hypothetical events as though
they had actually happened, and hence includes fictitious data
in whole or in part? - ANSWER Pro Forma Statement
A fire that is out of control is referred to as a? - ANSWER
Flashover
A fixed daily payment? - ANSWER Per Diem
A Form 1099-MISC must be issued when an independent
contractor is paid more than this amount during a single year? -
ANSWER $600
A form of business that is incorporated under the laws of one of
the states. There may be a single stockholder or thousands of
holders. It is a separate legal entity from its owners and
