Nursing Home Administration UPDATED
ACTUAL Exam Questions and CORRECT
Answers
Claims-made policy - CORRECT ANSWER - Professional and general liability that only
covers claims reported during the policy period is operating under a:
$10,000 - CORRECT ANSWER - What is the book value of a vehicle purchased for$40,000
that has been accumulated depreciation of $30,000
A mandatory direct-deposit program - CORRECT ANSWER - To protect against payroll
fraud, it is considered safest to have
called a capital expenditure - CORRECT ANSWER - Any item of major cost that will
become an a of the healthcare organization is:
contain a mutual indemnity clause - CORRECT ANSWER - When negotiating contacts with
outside vendors or consultants for professional services, contacts are not required to
assets - CORRECT ANSWER - net income after taxes/average total assets
working revenue - CORRECT ANSWER - which of the following items should an
administrator reference in order to determine if there are enough funds to purchase new
equipment?
Claims-made policy - CORRECT ANSWER - Professional and general liability insurance that
only covers claims reported during the policy period is operating under a
Internal control - CORRECT ANSWER - Ensuring accurate reliable data for accounting
reports is known as
, working capital ratio - CORRECT ANSWER - the current ratio is also known as the:
off-statement debts - CORRECT ANSWER - the provision a healthcare organization makes
for uncollectible accounts receivables is known as:
limited-liability corporation - CORRECT ANSWER - Which of the following is a joint
venture or business that meets office of inspector general (OIG) standards, is legal under the anti-
kickback statue, and is immune from criminal prosecution or civil sanctions?
Mediation - CORRECT ANSWER - Which os the following methods of conflict resolution
uses a third party who reviews the situation and makes a binding decision'?
is a responsible for employee work errors while the employee is on duty - CORRECT
ANSWER - Respondeat superior is a legal term that means the healthcare organization
misdemeanor - CORRECT ANSWER - a crime that is punishable by a maximum term of
imprisonment of one year is known as a
personal liability - CORRECT ANSWER - When determining an employers liability for the
acts of employees it is important to ascertain
governing body - CORRECT ANSWER - a group that is legally designed to establish and
implement policies regarding the mangement of a healthcare organization is called the
Durable Power of Attorney - CORRECT ANSWER - Which of the following advance is
commonly described as appointing someone to make decisions on a care recipient's behalf?
marketing - CORRECT ANSWER - the process of pricing, promoting, and distributing
services that satisfy both individual and organizational objectives is known as
ACTUAL Exam Questions and CORRECT
Answers
Claims-made policy - CORRECT ANSWER - Professional and general liability that only
covers claims reported during the policy period is operating under a:
$10,000 - CORRECT ANSWER - What is the book value of a vehicle purchased for$40,000
that has been accumulated depreciation of $30,000
A mandatory direct-deposit program - CORRECT ANSWER - To protect against payroll
fraud, it is considered safest to have
called a capital expenditure - CORRECT ANSWER - Any item of major cost that will
become an a of the healthcare organization is:
contain a mutual indemnity clause - CORRECT ANSWER - When negotiating contacts with
outside vendors or consultants for professional services, contacts are not required to
assets - CORRECT ANSWER - net income after taxes/average total assets
working revenue - CORRECT ANSWER - which of the following items should an
administrator reference in order to determine if there are enough funds to purchase new
equipment?
Claims-made policy - CORRECT ANSWER - Professional and general liability insurance that
only covers claims reported during the policy period is operating under a
Internal control - CORRECT ANSWER - Ensuring accurate reliable data for accounting
reports is known as
, working capital ratio - CORRECT ANSWER - the current ratio is also known as the:
off-statement debts - CORRECT ANSWER - the provision a healthcare organization makes
for uncollectible accounts receivables is known as:
limited-liability corporation - CORRECT ANSWER - Which of the following is a joint
venture or business that meets office of inspector general (OIG) standards, is legal under the anti-
kickback statue, and is immune from criminal prosecution or civil sanctions?
Mediation - CORRECT ANSWER - Which os the following methods of conflict resolution
uses a third party who reviews the situation and makes a binding decision'?
is a responsible for employee work errors while the employee is on duty - CORRECT
ANSWER - Respondeat superior is a legal term that means the healthcare organization
misdemeanor - CORRECT ANSWER - a crime that is punishable by a maximum term of
imprisonment of one year is known as a
personal liability - CORRECT ANSWER - When determining an employers liability for the
acts of employees it is important to ascertain
governing body - CORRECT ANSWER - a group that is legally designed to establish and
implement policies regarding the mangement of a healthcare organization is called the
Durable Power of Attorney - CORRECT ANSWER - Which of the following advance is
commonly described as appointing someone to make decisions on a care recipient's behalf?
marketing - CORRECT ANSWER - the process of pricing, promoting, and distributing
services that satisfy both individual and organizational objectives is known as
