NAB CORE RCAL-FINANCIAL EXAM QUESTIONS
WITH CORRECT ANSWERS
Medicare |Part |B |- |CORRECT |ANSWER✔✔-The |part |of |the |Medicare |program |that |pays |for |
physician |services, |outpatient |hospital |services, |durable |medical |equipment, |and |other |
services |and |supplies.
Medicare |Part |A |- |CORRECT |ANSWER✔✔-The |part |of |the |Medicare |program |that |pays |for |
hospitalization, |care |in |a |skilled |nursing |facility, |home |health |care, |and |hospice |care.
Medicare |Part |D |- |CORRECT |ANSWER✔✔-Prescription |drug |coverage
Anti |Kickback |Law |- |CORRECT |ANSWER✔✔-Prohibits |the |solicitation, |receiving, |offering, |or |
paying |of |any |remuneration |directly |or |indirectly |in |cash |or |in |kind |in |exchange.
Medicaid |- |CORRECT |ANSWER✔✔-A |federal |and |state |assistance |program |that |pays |for |health |
care |services |for |people |who |cannot |afford |them.
HIPPA |Title |I |- |CORRECT |ANSWER✔✔-protects |health |insurance |coverage |for |workers |and |their
|families |when |they |lose |their |jobs. |Coverage |under |COBRA |for |18 |months
HIPPA |Title |II |- |CORRECT |ANSWER✔✔-national |standards |for |electronic |healthcare |
transactions, |national |identifiers |for |providers, |confidential |record |keeping, |access |to |records
HIPPA |CONT |- |CORRECT |ANSWER✔✔-W/out |consent |only |for |providing |treatment, |obtaining |
payment, |performing |non |treatment |operational |tasks
, Sarbanes-Oxley |Act |- |CORRECT |ANSWER✔✔-Truth |in |financial |reporting |which |provides |SEC |
oversight. |Financials |checked |by |independent |auditors. |Monitor |and |report |internal |controls. |
Annual |assessment |due |to |SEC. |CEO/CFO |must |sign |off |on |all |audits.
account |balance |- |CORRECT |ANSWER✔✔-the |difference |between |the |total |debits |and |the |
total |credits |in |an |account
Accrued |interest |payable |- |CORRECT |ANSWER✔✔-current |liability
Amoritazation |- |CORRECT |ANSWER✔✔-the |paying |off |of |a |debt |in |regular |installments |over |a |
period |of |time
Assets |- |CORRECT |ANSWER✔✔-the |cash, |inventory, |property, |plant, |and |equipment, |and |other
|investments |a |company |has |made
Balance |Sheet |- |CORRECT |ANSWER✔✔-A |financial |statement |that |reports |assets, |liabilities, |
and |owner's |equity |at |any |given |point
Control |Systems |- |CORRECT |ANSWER✔✔-Measurement, |evaluation |and |correction. |
spenddown
Cost |Creep |- |CORRECT |ANSWER✔✔-Increasing |of |costs |(usually |labor) |as |a |result |of |increased |
resident |acuity |without |any |increase |in |revenue |as |an |offset.
Assets |- |CORRECT |ANSWER✔✔-Can |be |liquidated |quickly
Current |Ratio |- |CORRECT |ANSWER✔✔-current |assets |- |current |liabilities
The |wider |the |margin, |the |sounder |your |company
WITH CORRECT ANSWERS
Medicare |Part |B |- |CORRECT |ANSWER✔✔-The |part |of |the |Medicare |program |that |pays |for |
physician |services, |outpatient |hospital |services, |durable |medical |equipment, |and |other |
services |and |supplies.
Medicare |Part |A |- |CORRECT |ANSWER✔✔-The |part |of |the |Medicare |program |that |pays |for |
hospitalization, |care |in |a |skilled |nursing |facility, |home |health |care, |and |hospice |care.
Medicare |Part |D |- |CORRECT |ANSWER✔✔-Prescription |drug |coverage
Anti |Kickback |Law |- |CORRECT |ANSWER✔✔-Prohibits |the |solicitation, |receiving, |offering, |or |
paying |of |any |remuneration |directly |or |indirectly |in |cash |or |in |kind |in |exchange.
Medicaid |- |CORRECT |ANSWER✔✔-A |federal |and |state |assistance |program |that |pays |for |health |
care |services |for |people |who |cannot |afford |them.
HIPPA |Title |I |- |CORRECT |ANSWER✔✔-protects |health |insurance |coverage |for |workers |and |their
|families |when |they |lose |their |jobs. |Coverage |under |COBRA |for |18 |months
HIPPA |Title |II |- |CORRECT |ANSWER✔✔-national |standards |for |electronic |healthcare |
transactions, |national |identifiers |for |providers, |confidential |record |keeping, |access |to |records
HIPPA |CONT |- |CORRECT |ANSWER✔✔-W/out |consent |only |for |providing |treatment, |obtaining |
payment, |performing |non |treatment |operational |tasks
, Sarbanes-Oxley |Act |- |CORRECT |ANSWER✔✔-Truth |in |financial |reporting |which |provides |SEC |
oversight. |Financials |checked |by |independent |auditors. |Monitor |and |report |internal |controls. |
Annual |assessment |due |to |SEC. |CEO/CFO |must |sign |off |on |all |audits.
account |balance |- |CORRECT |ANSWER✔✔-the |difference |between |the |total |debits |and |the |
total |credits |in |an |account
Accrued |interest |payable |- |CORRECT |ANSWER✔✔-current |liability
Amoritazation |- |CORRECT |ANSWER✔✔-the |paying |off |of |a |debt |in |regular |installments |over |a |
period |of |time
Assets |- |CORRECT |ANSWER✔✔-the |cash, |inventory, |property, |plant, |and |equipment, |and |other
|investments |a |company |has |made
Balance |Sheet |- |CORRECT |ANSWER✔✔-A |financial |statement |that |reports |assets, |liabilities, |
and |owner's |equity |at |any |given |point
Control |Systems |- |CORRECT |ANSWER✔✔-Measurement, |evaluation |and |correction. |
spenddown
Cost |Creep |- |CORRECT |ANSWER✔✔-Increasing |of |costs |(usually |labor) |as |a |result |of |increased |
resident |acuity |without |any |increase |in |revenue |as |an |offset.
Assets |- |CORRECT |ANSWER✔✔-Can |be |liquidated |quickly
Current |Ratio |- |CORRECT |ANSWER✔✔-current |assets |- |current |liabilities
The |wider |the |margin, |the |sounder |your |company
