ATI RN Mental Health

What is Total Quality Management (TQM)? - ANS Managing the entire organization so that it excels on all dimensions of products and services that are important to the customer. What are the two fundamental operational goals of TQM? - ANS Careful design of the product or service Ensuring that the organization's systems can consistently produce the design What is design quality? - ANS The inherent value of the product in the marketplace What is conformance qua...

What are the three steps of production processes? - ANS Step 1 - Source the parts needed Step 2 - Make the product Step 3 - Deliver the product Lead time - ANS The time needed to respond to a customer order Customer order decoupling point - ANS Where inventory is positioned to allow entities in the supply chain to operate independently Lean manufacturing - ANS A means of achieving high level of customer service with minimal inventory investment W...

What is true about inventory? - ANS For many businesses, inventory is the largest asset on the balance sheet at any given time. Can be difficult to convert back into cash It is a good idea to try to get your inventory down as far as possible What is the Single-period Inventory Model? - ANS Used when we are making a one-time purchase of an item What is the Fixed-order Quantity Inventory Model? - ANS Used when we want to maintain an item "in-stock," and wh...

Which of the following is considered to be an alternative to a life settlement? - ANS Accelerated death benefit rider What is created after policy proceeds are obtained in a lump sum and then immediately invested? - ANS Estate Rob purchased a standard whole life policy with a $500,000 death benefit when he was age 30. His insurance agent told him the policy would be paid up if he reached age 100. The present cash value of the policy equals $250,000. Rob recently died at age...

charles is a producer who is licensed in louisiana but resides in mississippi. Charles is considered to be a(n) - ANS Nonresident producer Karen the producer pays for her client's initial premium payment as an incentive for purchase. this act is considered a(n) - ANS Rebate an indemnity plan limitation that will pay the dental bills after a small amount is paid by the insured is called - ANS Coinsurance according to Louisiana law, group life insurance conversi...

Personal Auto Policy - ANS Part A: Liability Coverage Part B: Medical Payments Coverage Part C: Uninsured Motorists Coverage Part D: Coverage for Damage to Your Auto Part E: Duties After an Accident or Loss Part F: General Provisions You and Your - ANS The named insured listed in the declarations, and the spouse if a resident of the same household. The named insured should always be the person or persons to whom the vehicle is titled and registered Private Passenger Au...

An insured filed a claim with her insurance company and submitted all the proof of loss requested. The insurer is non-responsive. How many days must the insured wait before beginning legal action to recover her money? - ANS Correct Answer: the insured must wait 60 DAYS before taking legal action to recover their money Dalton has given his insurer permission to go after a 3rd party to collect damages owed. This is known as: - ANS Correct Answer: Subrogation, Subrogation is the ...

Insurable Interest - ANS something of value that, if lost, would cause you financial harm When delivering a policy what is the agents responsibility - ANS Collect payment Unilateral Contract - ANS A one-sided contract wherein one party makes a promise What is the minimum schedule of time in which payments must be made to the insured - ANS Monthly When an insured mistakes their age what must happen? - ANS adjust the claim benefits to reflect the...

Endorsements (The wording in an endorsement takes precedence over the wording in the policy to which it is attached. Some add exclusions; others clarify or enlarge the coverage provided in the basic policy) - ANS An attachment to an insurance policy that modifies its coverage in some way. Policy Conditions (Many policies conditions deal with practical issues concerning who is covered, during what periods coverage applies, and where coverage applies. Some address the amount and how the...

In group health, what is the purpose of coordination of benefits provision? - ANS Determines what is paid by the primary and secondary insurers in the event of a claim According to the principal of utmost good faith, the insured will answer questions on the application to the best of their knowledge and pay the required premium, while the insurer will deal fairly with the insured and it's - ANS Promises made Sole proprietors are permitted tax deductions for health costs ...