NAB Exam- Everything that is needed to know

A line authority position is characterized by Correct Answer Decision making vested in the supervisor An example of line authority is Correct Answer Administrator Major schools of thought regarding source of authority are Correct Answer formal and subordinate acceptance The scope of authority in the operation of the nursing facility is greatest at which level Correct Answer Ownership Ultimate authority in a private corporate nursing facility is with the Correct Answer Board of directors Managerial authority is power Correct Answer to command, issue orders or exact action by subordinates Decentralized authority is characterized by Correct Answer process of delegating authority Centralized authority is Correct Answer vesting decision making in top managment Authority vested in a supervisory nurse is Correct Answer middle management authority Decision making authority is when a supervisor Correct Answer hires, fires and makes judgmental decisions Concepts of modern management recommend that an effective administrator will delegate Correct Answer operational authority Unity of command refers to Correct Answer reporting to one supervisor Which of the following forms of business is considered the oldest form of business Correct Answer sole proprietorship The term proprietorship as it relates to the nursing facility industry means Correct Answer privately owned The majority of nursing facility beds in the united states are owned by Correct Answer corporations Which of the following forms of ownership must have articles drawn up and reduced to writing? Correct Answer corporation Under which form of ownership would the administrator have the greatest latitude of authority and decision making? Correct Answer Sole proprietorship All but one are considered advantages of sole proprietorship Correct Answer Unlimited liability All but one are considered disadvantages of a partnership Correct Answer Retention of valuable employees A corporation is Correct 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? Correct Answer Corporation A nonprofit corporation is one which Correct Answer makes a profit but returns it to the operation of business Pursuant to the Code of Federal Regulations, 42 CFR part 483, a facility wishing to participate in medicare must have Correct Answer a governing body The role of the governing body pursuant to the Code of Federal Regulation 42 CFR Part 483 is to Correct Answer establish and implement policies regarding management and operation of the facility The Code of Federal Regulations 42 CFR part 483 requires that the facility disclose Correct Answer officers, directors, agents, or management employees The role of the administrator in a modern nursing facility is to Correct Answer advise the governing body and carry out their decisions According to the Code of Federal Regulations 42 CFR Part 483 the administrator appointed by the governing body must be Correct Answer licensed by the state and responsible for the management of the facility An objective may be defined as Correct Answer organizing The first step in planning is Correct Answer setting the objectives of the organization Effective management is best carried out by following which method? Correct Answer management by objectives