Exam 27 Flashcards
31 An organizational chart shows the reporting relationship between staff. A solid line on the chart denotes .
- Staff authority
- Line authority
- Volunteer status
- Advisory authority
2
An eye condition where fluid causes increase pressure in the eye, potentially damaging the optic nerve, is called .
- Astigmatism
- Glaucoma
- Cataract
- Macular Degeneration
2
If $60,000 is borrowed at 10% common interest for ten years and only interest is paid for the first year, the first month’s payment would be approximately?
1. $330 3. $550
2. $490 4. $600
$60,000 x .10 = 6000. Divide 6000 by 12 = 500.
The closest answer in the range is 2. $490
173 What is the approximate percentage of gross profit with an income of $400,000 and $175,000 in fixed expenses and $135,000 in variable expenses?
1. 10 percent
2. 13 percent
3. 15 percent
4. 19 percent
Add the total expenses: $175,000 + $135,000 = $310,000.
Next $400,000 - $310,000 = $90,000
$90,000 divided by $400,000 = 22 percent so the closest answer is 19 percent
What is the payback period for an investment of $60,000 with an annual savings of $3000?
- 10 years 3. 20 years
- 15 years 4. 25 years
Payback period is when you make your money back.
$60,000 divided by $3000 = 20 years
Choice 3 is the best answer
A nursing home had $300,000 in gross income and $110,000 in fixed expenses and $135,000 in variable expenses. What is the approximate percentage of gross profit?
- 20 percent 3. 25 percent
- 23 percent 4. 28 percent
$300,000 - $245,000 (110,000 + 135,000) = $55,000
$55,000/$300,000 = 18.3 percent.
The closest answer is #1 – 20 percent
In an emergency, corporate representatives have authority and can give staff direction.
- Advisory authority
- Line authority
- Staff Authority
- Implied Authority
2
____________makes employers responsible for injuries to their employees during the course of their employment.
- Respondent superior
- Federal Employer’s Liability Act
- Civil Rights Act of 1964
- Equal Employment Opportunity Acct
2
One-time costs of acquiring an asset (purchase price, taxes, shipping, delivery) are called .
- Support costs 3. Historic costs
- Opportunity costs 4. Capital costs
3
The National Fire Protection Association does not .
- Publish codes
- Provide research
- Establish standards
- Enforce life safety codes
1
The percentage of weight loss is calculated as .
- Weight loss – usual weight divided by usual weight x 100
- Usual weight – actual weight divided by usual weight x 100
- Actual Weight – usual weight divided by usual weight x 100
- Ideal Weight – usual weight divided by usual weight x 100
2
Employees, residents, family members and corporate managers or owners are called .
- Internal shareholders
- internal Investors
- Internal regulators
- Internal stakeholders
4
is a build up of pressure In the eye because fluids cannot drain normally.
- Cataracts
- Macular degeneration
- Glaucoma
- astigmatism
3
The current ratio is calculated by dividing current .
- Assets by total assets
- Liabilities by total liabilities
- Assets by current liabilities
- Liabilities by current assets
3
If each resident requires 3 hours of nursing aide care per day, and the facility has 120 beds and is at 90% occupancy, approximately how many nursing aides would be required for the day, if each nursing aide worked 8 hours per shift?
- 36
- 40
- 47
- 50
2
The best way to increase a facility’s cash position is to .
- Issue shares of stock
- Increase census
- Admit more Medicare residents
- Collect AR
4
________________is best for a resident who suffered a cerebrovascular accident.
- Lower extremity therapy
- Upper extremity therapy
- Stroke recovery program
- Dialysis
3
Reality orientation is most appropriate for residents who .
- Are blind
- Are depressed
- Have late stage dementia
- Have early stage dementia
4
What is the mission statement?
- The culture of a corporation
- The philosophy of a corporation
- The purpose of a corporation
- The document filed with the state to form a corporation
3
When an administrator takes steps to resolve a deficient situation this called .
- Controlling Quality
- Forecasting
- Staffing
- Evaluating
1
Board of Governors has which type of authority?
1. Line
2. Advisory
3. Functional
4. Directive
1
Where a staff member who manages other staff and directs their activities has authority.
- Staff authority
- Supervisory authority
- Line authority
- Direct authority
3
A corridor or ramp must have a minimum width of_____ feet or more.
- 3
- 5
- 8
- 11
- 12
3
A maximum of residents can occupy a multi-bed room.
2. 2
3. 4
4. 6
5. 8
3
Which of the following is a tort?
- A nursing aide charged with abusing a resident
- A facility cited by the state for substandard care
- A family member filing a lawsuit against a facility for abuse
- The CMS revoking a facility’s Medicare/Medicaid certification for repeated non-compliance
3
A resident who is classified as “Not Responsible” may smoke when?
- When the resident requests
- Only in designated smoking areas
- With written permission of the guardian
- Under direct supervision of facility staff
4
Which of the following would be considered an example of a tort?
1 Facility double billed Medicare
2 A nursing aide charged with abuse
3 A violation of state and federal regulations
4 Facility administered the wrong treatment
4
What does a physiatrist specialize in?
1 Rehab
2 Neurology
3 Mental illness
4 All of the above
1
Define working capital?
1 Current assets divided by current liabilities
2 Assets minus liabilities
3 Revenues – expenses
4 Current assets – current expenses
5 Current assets – current liabilities
5
Which of the following would show the liquidity of a facility?
1 The income statement
2 The balance sheet
3 The general ledger
4 Look at the chart of accounts
2
Individuals and organizations that have a financial interest in the nursing home are called?
- Stockholders
- Stakeholders
- Interested parties
- All of the above
1
