QUESTIONS 51-100 Flashcards
51 Using specific types of testing scores to predict whether a job candidate will be successful is called what?
- Participatory approach
- Statistical approach
- Autocratic approach
- Clinical approach
Statistical approach
52 By law how long must employee applications be kept?
- 1 year
- 3 years
- 2 years
- 5 years
1 year
53 What type of on the job training program uses a person who is not the employee’s superior and/or is external to the organization?
- Rotations
- Coaching
- Internship
- Mentoring
Coaching
54 A supervisor never gives excellent ratings even if the employee deserves it rather they consistently give all employees a mediocre rating to avoid conflict is called?
- Halo effect
- The leniency error
- Error of central tendency
- Global rating
Error of central tendency
55 What is it called when a supervisor rates an employee in the presence or absence of only one trait?
- The leniency error
- Dysfunctional
- Halo effect
- Error of central tendency
Halo effect
56 What is it called when a supervisor rates all employees with high scores, whether they deserve it or not to avoid conflict?
- Error of central tendency
- Halo effect
- Leniency error
- Nepotism
Leniency error
57 What group of workers will negotiate with the union?
- Top management
- Bargaining unit
- Administrator
- Governing body
Bargaining unit
58 What percentage is needed within a facility to start a union?
- Half the population
- 49%+
- 50%+1
- 75%
50% + 1
59 Who is eligible to form a union?
- Professionals
- Non-professionals
- Physicians
- Everyone
Everyone
60 How much of the labor force in force in the US is unionized?
- 30%
- More than 20%
- Less than 20%
- 50%
Less than 20%
61 Which of the following work environments do not favor unionization?
- Poor supervision
- High staff moral
- Low wages
- Lack of grievance procedures
High staff moral
62 Disparate impact and treatment are types of what?
- Fair management practice
- Favoritism
- Discrimination
- Nepotism
Discrimination
63 Accidental death must be reported to OSHA within what time frame?
- 24 hours
- 6 hours
- 8 hours
- 12 hours
8 hours
64 OSHA specifically applies to whom?
- Residents and family
- Risk management for contracted vendors
- Employees in nursing facilities
- All visitors to the facility
Employees in nursing facilities
65 Employees must receive health exams how often?
- Initially and yearly
- As needed
- Initially and as needed
- Every two years
Initially and yearly
66 What is the penalty for falsifying OSHA records?
- Up to $10,000
- A maxim of $70,000
- $50-$250 per violation
- A maximum of $50,000
A maximum of $70,000
67 Who is responsible for the employee if they ignore or refuse safety requirements?
- The employer
- DSD
- The employee
- Safety Committee
The employer
68 About how much revenue for the nursing home industry comes from Medicaid?
- 75%
- About 50%
- 80%
- 60%
About 50%
69 A budgeting process where the administrator gets input from each department head in creating the budget for that department is known as what?
- Capital budget
- Participatory
- Autocratic
- Working capital
Participatory
70 What best defines an operating budget?
- Current assets minus current liabilities
- Patient services revenues
- All planned revenues and all planned expenses
- Equipment and improvements to be made during the year
All planned revenues and all planned expenses
71 What best defines Capital budget?
- Planned revenues and expenses
- Equipment and improvements to be made during the year
- Operating and non operating revenues
- Current assets divided by current liabilities
Equipment and improvements to be made during the year
72 What best defines cash budget?
- Operating revenues and non operating revenues
- Planned revenues and planned expenses
- Current assets minus current liabilities
- Cash available to pay current liabilities
Cash available to pay current liabilities
73 Items costing more than $500.00 with a useful life of one or more years is a part of what budget?
- Revenue budget
- Cash budget
- Capital budget
- Operating budget
Capital budget
74 An improvement to be made costing less than $500.00 goes into what account?
- Supplies or minor equipment
- Repairs and maintenance
- Capital expenditures
- Capital budget
Repairs and maintenance
75 A needed piece of equipment costing less than $500.00 goes into what account?
- Supplies or minor equipment
- Repairs and maintenance
- Capital expenditures
- Capital budget
Supplies or minor equipment
76 A budget that is concerned with a “lag time” is what budget?
- Capital budget
- Cash budget
- Revenue budget
- Operating budget
Cash budget
77 What best defines a revenue budget?
- Planned revenues and expenses
- Equipment to be made during the year
- Operating and non operating revenues, patient service revenues
- Cash available to pay current liabilities
Operating and non operating revenues, patient service revenues
78 Stakeholders receive how many financial reports?
- 1
- 2
- 3
- 4
Four (4)
79 What financial report best shows a “snap shot” of a facility fiscal health?
- Statement of cash flow
- Balance sheet
- Statement and changes in fund balance
- Statement of revenues and expenses
Balance sheet
80 Which statement shows assets, liabilities and owners equity?
- Statement of cash flow
- Balance sheet
- Statement and changes in fund balance
- Statement of revenues and expenses
Balance sheet
81 What financial statement reports revenues by source and expenses by category?
- Statement of cash flow
- Balance sheet
- Statement of revenues and expenses
- Changes in fund balance
Statement of revenues and expenses
82 From what book of accounts does all information come from in order to prepare the financial reports?
- Chart of accounts
- General ledger
- Journal sheets
- Balance sheets
General ledger
83 What best defines double entry accounting?
- Journal entries
- Accrual basis
- Cash basis
- Debit and credits alway balance zero
Debits and credits always balance zero
84 A report showing sources and uses of cash for the year would be what?
- Changes in fund balance
- Statement of cash flow
- Balance sheet
- State of revenues and expenses
Statement of cash flow
85 A report showing increases and decreases in owners equity or fund balance during the year would be what?
- Statement of changes in fund balance
- Statement of cash flow
- Balance sheet
- Statement of revenues and expenses
Statement of changes in fund balance
86 Facilities are required to maintain their financial records using what method?
- Accrual basis
- GAAP
- Cash basis
- Objectivity
Accrual basis
87 An example of the accrual basis would be what?
- Revenues and expenses recorded when earned and owed
- GAAP
- Revenues and expenses recorded when money is literally received and paid
- General ledger
Revenues and expenses recorded when earned and owed
88 An example of cash basis would be what?
- Revenues and expenses recorded when money is literally received and paid
- GAAP
- Revenues and expenses recorded when earned and owed
- General ledger
Revenues and expenses recorded when money is literally received and paid
89 An example of a contingent liability would be what?
- Pending new account
- Pending law suit
- Pending capital budget
- Pending working capital
Pending law suit
90 What government program requires facilities to use the accrual basis for keeping financial records?
- Medicare and private pay
- Medicare and Medicaid
- Federal and State
- DHS and licensing agency
Medicare and Medicaid
91 An MCO is concerned with the number of days per admission whereas the facility is concerned with what?
- Number of days per admission also
- Cost of service per patient per day
- Number of private pay residents
- Case Mix
Cost of service per patient per day
92 What is the formula for payback period?
- (Historical cost minus scrap value) divided by useful life
- Current liabilities divided by current assets
- Total investment divided by annual savings
- Current assets minus current liabilities
Total investment divided by annual saving
93 Medicare requires what type of depreciation method?
- Straight line depreciation
- Annual depreciation
- Funded depreciation
- Monthly depreciation
Straight line depreciation
94 What type of facility would be most apt or able to use funded depreciation method?
- A facility in the red
- A facility breaking even
- A facility with a current ratio of 100
- An assisted living
A facility with a current ratio of 100
95 In developing capital budgets what tool would most likely be used?
- Creative financing
- Debt financing or equity financing
- Increased marketing budget
- Solicit investors
Debt financing or equity financing
96 A facility paying for the care of a resident who is not able to pay would be called what?
- Cutting losses
- Charity care
- A state regulation
- A federal regulation
Charity care
97 An HMO contracted with a facility paying a daily rate lower than what can be collected through billing Medicare direct for the same services would be an example of what?
- Charity care
- Contractual discount
- Third party discount
- Good business
Contractual discount
98 When a facility notifies a resident that they no longer need services being paid for by Medicare or a third party insurance and the resident refuses insisting the skilled services be continued…is known as what?
- Contractual agreement
- Demand billing
- Denial
- Lumetra
Demand billing
99 In a nursing facility what are the groups called that categorize residents into their distinct groups defined in terms of selected information from the MDS?
- DRG’s
- RUG’s
- PPS
- Case Mix
RUG’s
100 What is associated to each RUB representing the average daily cost of nursing care in that group compared to the other residents?
- RUG’s
- Case mix
- PPS
- DRG
Case Mix
