NAB CORE Practice Questions with Verified Answers

Which of the following items expresses a person's end-of-life wishes for medical treatment? - Physician Orders for Life-Sustaining Treatment (POLST) Delirium is a medical issue defined as a? - State of mental confusion characterized by disorientation A foreign-language-speaking care recipient is admitted to a healthcare organization. The foreign language spoken by the care recipient is not commonly spoken in the region where the organization is located. As part of communicating care recipient rights, the organization should: - Have the care recipient write a signed statement verifying that the care recipient understands care recipient rights A care recipient has been diagnosed with a terminal disease to participate in therapies to prolong life. The healthcare organization should offer consultation on which of the following services? - Palliative care A direct cost is? - Linked to a specific objective, responsibility, or function A guest falls and is injured while visiting a healthcare organization's office. Which one of the following types of insurance would cover this injury? - General liability insurance When the actual supply cost substantially exceeds the expected cost, the administrator should initially: - Investigate probable breach of security Which type of financial statement is derived from analysis of other statements and has more detail on financial activity? - Profit and loss Most often a third-party payer, such as a Medicaid or a long-term insurer, will negotiate a lower rate for services rendered. The difference of funds that is uncollectables between the full charges and the amount that is actually paid by a third party payer is called? - Contractual allowances If overall revenue declines and census remains stable, an important financial area to review would be? - Ancillary revenue A healthcare organization has just purchased equipment for a total cost of $15,000. The equipment has a useful life of five years and the administrator is planning to charge a depreciation expense of $3,000 per year. Which depreciation method is being used? - Straight-line depreciation Utilizing the FIFO inventory method, which supply would be used last? Supply A 12/1/2016 Supply B 12/20/2016 Supply C 1/4/2017 Supply D 2/3/2017 - Supply A Which of the following best describes a primary difference between a not-for-profit and a for-profit organization? - A for-profit organization may distribute profits to its shareholders The LIFO and FIFO methods of inventory costing both accounts for the effects of which of the following factors on the price of inventory? - Depreciation. The operating performance for a specific span of time is measured by the: - Income statement