Study Guide 4 Flashcards
Both eyes are abbreviated ?
- BID
- HS
- QD
- OU
4
Nighttime is abbreviated ?
- BID
- HS
- QD
- OU
2
A facility may keep _______ in a resident’s medical chart.
- Only the most recent MDS assessment
- The last 2 completed MDS assessments
- Last 3 completed MDS assessments
- Last 4 completed MDS assessments
1
In 1973, the supreme court ruled with respect to collective bargaining that nurses?
- Could be part of one of the two approved bargaining units
- Were considered management and could not join a union
- Were exempt from overtime
- Had the right to participate in union activities
2
E-Coli bacteria is found in ?
- Beef
- Chicken
- Pork
- Fish
1
Must have _____ of knee clearance under tables, sinks and countertops.
- 12”
- 15”
- 19”
- 24”
3
The Americans with Disabilities Act requires that doorway thresholds rise no more than ______ to
accommodate wheelchairs.
- ¼ inch
- ½ inch
- ¾ inch
- 1 inch
2
Which is not true of the Americans With Disabilities Act?
- Complaints of discrimination under the ADA are made to the EEOC
- Part-time workers are covered by the ADA
- The American National Standards Institute developed the ADA construction standards
- The ADA protects workers 40 years and older from age discrimination
4
FLSA does not?
- Govern overtime and minimum wage
- Govern child labor
- Set minimum hourly wage rate
- Require employers to provide employees 12 weeks of unpaid family leave
4
Under FLSA, a worker cannot accrue more than ____ hours of compensatory time in a single year.
1. 140
2. 240
3. 340
4. 350
2
The ______ prohibits paying male and female workers different pay for work requiring the same skills.
- Age Discrimination Act
- Equal Pay Act
- Fair Labor Standards Act
- Family Medical Leave Act
2
The _____ enforces the Equal Pay Act.
1. EEOC
2. Dept of Labor
3. ANSI
4. Dept of Justice
1
Under the Civil Rights Act of 1964, employers cannot discriminate on the basis of ?
- Race, Color, Gender, Religion, National Origin
- Race, Color, Religion, Age, National Origin
- Race, Age, Color, Religion, Gender, Sex
- Race, Sex, Age, Color, Religion, National Origin
1
________ provides benefits to workers when their employment is terminated by the employer.
- Federal Unemployment Tax Act
- Worker’s Compensation Act
- Employee Retirement Income Security Act
- None of the above
1
Under the Consumer Credit Protection Act of 1968, creditors may garnish workers’ wages not more than ____ of disposable income or where disposable income is ____ the federal minimum wage.
- 10%, 15 times
- 15%, 20 times
- 20%, 25 times
- 25%, 30 times
4
Terminated workers are entitled to ___ weeks of unemployment benefits.
1. 12
2. 18
3. 26
4. 30
3
The Employee Retirement Income Security Act does not require employers to ?
- Responsibly administer pension plans
- Provide their workers a pension plan
- Adequately fund their pension plans
- Insure pension plans with the Federal Pension Guaranty Corporation
2
The _____ requires employers to verify U.S. citizenship status for all workers.
1. Vocational Rehabilitation Act
2. Americans with Disabilities Act
3. Mental Health Parity Act
4. Immigration Reform Act
4
The _____ prohibits gender based discrimination in rates of pay.
1. Ethics in Patient Referrals Act
2. Newborn and Mothers Protection Act
3. Equal Pay Act
4. Civil Rights Act of 1964
3
The Age Discrimination in Employment Law does not ?
- Apply to employers with 20+ workers
- Protect workers 40+ years old
- Prohibit an employer from changing a job description if it will negatively impact a worker due to age
- Allow employers to force older employees to retire based on age
4
The Family Medical Leave Act covers employers with ____ or more employees and allows employees
____ weeks of unpaid leave.
1. 20 12
2. 35 36
3. 50 12
4. 100 52
3
Under the FMLA an employee is not?
- Entitled to paid leave
- Entitled to paid insurance benefits while on FMLA leave
- Entitled to take modified leave and schedule blocks of time (i.e., work half days or take time during
week to visit doctor, etc.) - Entitled to return to their former position
1
The requires an employer to advise a job applicant if a consumer credit report will be used?
- Fair Credit Act of 1991
- Equal Pay Act
- Consumer Credit Protection Act
- Age Discrimination in Employment
1
The _____ is a federal tax deducted from worker paychecks to fund social security benefits?
- Employment Compensation Tax
- Workers Compensation Tax
- Federal Income Tax
- Federal Insurance Contributions Act Tax (FICA)
4
The _____ is used to verify a worker’s citizenship status.
1. W2
2. W-4
3. I-9
4. Form 941
3
The ____ is used to determine a worker’s tax status and personal exemptions.
1. W 2
2. W-4
3. I-9
4. Form 941
2
FUTA stands for?
- Federal Universal Tax Act
- Federal Unemployment Tax Act
- Federal Universal Transfer Act
- Federal Uninsured Tax
2
The State Unemployment Compensation program is funded through the?
- Federal Workers Compensation Tax Act
- Federal Income Security Act
- Federal Unemployment Tax Act
- Centers for Medicare and Medicaid Services
3
The _____ prohibits financial alliances between nursing homes.
- Stark Law
- Ethics in Patient Referrals Act
- Robinson Patman Act
- Wagner Act
3
The Equal Employment Opportunity Act does not ?
- Determine the guilt of employers violating the Civil Rights Act
- Expand the Civil Rights Act of 1972 to apply to employers with 50 or more employees
- Expand the Civil Rights Act of 1964 to apply to local and state government employers
- Require complaints of discrimination be filed with the Equal Employment Opportunity Commission
1
A complaint for violations of the EEOA is filed with the?
- Department of Justice
- EEOC
- National Labor Relations Board
- Department of Labor
2
Under the EEOA, employers must ______ avoid in selecting and hiring employees.
- Disparate treatment
- Adverse impact
- Disparate impact
- Both 1 and 3
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
The Older American’s Act does not?
- Require the creation of a Long Term Care Ombudsman
- Require the Area Agency on Aging to administer the Older Americans Act
- Provide benefits to Individuals 50 and older
- Pay for housekeeping, meals, transportation and activities
3
The _____ requires Medicare and Medicaid certified facilities to advise patients of advanced directives.
- Patient Self Determination Act (1990)
- Taft Hartley Act
- Kerr Mills Act
- Older Americans Act
1
According to the PSDA, a facility must place ______ in the patient medical chart.
- A copy of any executed advanced directives
- The resident’s financial form
- The admission’s contract
- The resident’s bill of rights
1
A 1994 U.S. Supreme Court ruling changed the status of nurses by ?
- Classifying nurses as supervisory staff and part of management and not protected by
the Taft Hartley Act - Affirming the right of nurses to organize a union
- Designating nurses and a separate bargaining unit
- Requiring management to bargain collectively with nurses
1
The main reason nursing home employees organize a union is ?
- Low wages
- Long hours
- Dislike of the work
- A breakdown in communication between management and workers
4
The _____ is the largest union in the United States.
- United Food and Commercial Workers
- AFL-CIO
- SEIU
- AFSCME
2
The _____ represents most workers in the nursing home industry.
1. United Food and Commercial Workers
2. AFL-CIO
3. SEIU
4. AFSCME
3
SEIU stands for?
- State Employees International Union
- Service Employees International Union
- South Eastern International Union
- State Employees Industrial Union
2
The _____is used to plan and control facility operations and results.
1. Mission statement
2. Budget
3. Bylaws
1. Resident care plans
2
The “CIO” merged with the?
- American Federation of Labor
- Associated Federation of Laborers
- Amalgamated Federation of Labor
- None of the above
1
The set of records that lists each monetary transaction by date is called the .
1. Books
2. Financial statements
3. Balance sheet
4. Profit and loss statement
1
The____ summarizes data from the journals, the general journal and the general ledger.
- Budget
- Financial statements
- contra account
- Fund account
2
The _____ mandates how financial records must be maintained.
- Payroll system
- Accounting System
- Budget
- Financial controls
2
Which is not true of a depreciable or capital asset?
- It is tangible
- It has value of $500 or more
- It has a useful life of more than one year
- It is intangible
4
The book of original entries of financial transactions listed in chronological order is/are called the?
- Journals
- Balance sheet
- Financial Statements
- Profit and loss statement
1
The _____ prepares the financial statements.
1. Administrator
2. Accountant
3. Bookkeeper
4. Business Office Manager
2
The ______ must be audited by a certified public accountant each year.
1. Ledger
2. Journal
3. Financial statements
4. Chart of accounts
3
The ______ records financial transactions in the journals and the general ledger.
1. Administrator
2. Accountant
3. Bookkeeper
4. Certified Public Accountant
3
The basis for developing a realistic budget is ?
- The Administrator’s goals
- The governing body’s income expectations
- Wish lists submitted by department heads
- Past financial performance
4
A list of every account in the facility is called the ?
- Chart of accounts
- General ledger
- General journal
- Trial Balance
1
The first place financial transactions are recorded in date order is/are the ?
- General ledger
- Journals
- Chart of accounts
- Income statement
2
________ is used to record non-recurring (one-time) entries.
1. General Journal
2. Billings Journal
3. Cash disbursements
4. Chart of Accounts
1
The ______ is used to record transactions that do not fit into any other journal.
1. General journal
2. Chart of accounts
3. General ledger
4. Statement of changes
1
The journals are closed each month when debits equal credits in the _____ or balance or zero out. This
known as the trial balance.
1. General journal
2. Trial balance
3. General ledger
4. None of the above
3
Receipts, bank statements, invoices and bills are called?
1 Source documents
2. Debits
3. Credits
4. Original documents
3
The _____ summarizes all debits and credits.
1. General journal
2. Chart of accounts
3. General ledger
4. Balance Sheet
3
Accountants prepare the financial statements when the?
- The administrator instructs the bookkeeper to do so
- A certified public accountant audits the journal entries and tells the accountant to do so
- The “Books” balance
- The balance sheet is prepared
3
If the trial balance shows that debits and credits in the journals do not balance out, that indicate there was an error in ?
- Arranging the accounts in the ledger
- Recording the transactions
- Preparing the financials
- Closing the books
2
The summary of financial well being is called the ?
1. Journal
2. Ledger
3. Balance sheet
4. Notes to financial condition
3
If the administrator wants to see the facility’s net worth, he/she would look at the ?
1. Income statement
2. Profit and loss statement
3. Balance sheet
4. Ledger
3
Balance sheets are not ?
1. Prepared from the general ledger
2. A summary of the assets, liabilities and capital accounts
3. A financial statement
4. Prepared by the bookkeeper
4
The accounting equation is .
1. Assets = liabilities + capital
2. Assets = revenues + expenses
3. Assets = revenues + assets
4. All of the above
1
If the administrator wants to know if the facility made money, he/she would look at the .
1. Balance sheet
2. Profit and loss statement
3. Income statement
4. Both 2 and 3
4
Assets are listed on the ____ side of the balance sheet.
1. Left side
2. Right side
3. Revenue side
1
A thing that is owned by the facility that will or can be converted to cash within 12 months is called a?
- Current asset
- Non-current asset
- Current liability
- Short-term debt
1
Prepaid insurance is categorized as?
- An asset
- A liability
- Short term debt
- Contingent liability
1
If the administrator wants to know the amount of working capital on hand, he/she would look at the
Balance sheet
A thing that is owned by the facility that will not be converted to cash within 12 months is called a(n)
.
1. Current asset
2. Non-current asset
3. Current liability
4. Short-term debt
2
One-time costs of acquiring an asset (purchase price, taxes, shipping, delivery) are called
Historic Cost
An expense associated with the use of an asset is called
Depreciation
An obligation of a facility to pay others is called a(n)
liability
Obligations that must be paid within 12 months are called
Current Liabilities
Obligations not paid within 12 months are called
Non-Current Liabilities
The amount on the balance sheet representing ownership would not include
revenue
Capital would not include
Gross income
To determine if revenues are sufficient to cover expenses, you would review the
P/L Statements
Operating revenues prior to deductions are called .
1. Net operating revenues
2. Gross operating revenues
3. Gross income
4. Net present value
2
Working capital is calculated by deducting ______ from ______ .
- Current assets, current liabilities
- Non-current assets, current liabilities
- Current capital, non-current liabilities
- Operating revenue, non operating revenue
1
To calculate the value of an investor’s investment in a business, you need to look at the?
- Balance sheet
- Profit/Loss statement
- Income statement
- None of the above
1
Under generally accepted accounting principles, investors are not required to be provided a copy of the?
- Notes to Financial statements
- Statement of changes in financial condition
- Trial balance
- Profit and loss statement
3
The -________ is provided to shareholders and reports revenues by source and the expenses by functional category for the year.
- Statement of revenues and expenses
- Statement of cash flows
- Statement of changes to fund balance
- Notes to financial statements
1
An asset purchased for use rather than resale (land, buildings, equipment) is called a(n) ?
- Capital asset
- Historic cost
- Opportunistic cost
- Intangible asset
1
Working capital (funds the facility has available to use) is calculated by?
- Subtracting current assets from current liabilities
- Adding assets to liabilities
- Dividing current assets from current liabilities
- Subtracting investor capital from expenses
1
An asset to debt ratio of 1.0 or above indicates a facility ?
- Can meet its obligations
- Cannot meet its obligations
- Needs to borrow or raise more money to pay its bills
- Has serious cash flow problems
1
A facility with an asset to debt ratio of .93 indicates the facility ?
- Has sufficient cash to meet its needs
- Has cash flow problems
- Has increased investor equity
- Exceeds the industry standard
2
Acid Test Ratio is used to calculate funds available in a few days to pay current liabilities and is expressed
as?
- Cash and current receivables divided by current liabilities
- Cash and non-current assets divided by current liabilities
- Equity and non-current assets divided by non-current liabilities
- Current liabilities divided by gross income
1
Which is not true of the cash basis of accounting?
- Only 1% of facilities use this system
- Transactions are recorded when cash actually changes hands
- Transactions are recorded when cash is actually disbursed or received.
- Cash accounting system can account for depreciation
4
The ______ records a transaction when funds are actually received or paid out.
- Accrual accounting system
- Cash accounting system
- Prospective payment
- Retrospective payment system
2
Which is not true of the accrual basis of accounting?
- 99% of facilities use the accrual accounting system
- Medicare and Medicaid do not require use of the accrual method
- Transactions are recorded when cash is earned and expenses are incurred (date of the
invoice) - The accrual method matches revenues and expenses when they occur
2
The costs of acquiring an asset spread out over the useful life of an asset are called ?
- Opportunity costs
- Depreciation
- Amortization
- Historic Costs
2
The number of years an asset can be used by a facility is called?
- Accelerated depreciation
- Useful life
- Amortization
- Salvage value
2
The value at the end of an asset’s useful life is called ?
- Accelerated depreciation
- Straight-line depreciation
- Amortiztion
- Salvage value
4
The historic cost of a depreciable asset that is spread out evenly over its useful life is called ?
- Accelerated depreciation
- Straight-line depreciation
- Amortization
- Salvage value
2
The cost of an asset minus its current value (less depreciation) is called ?
- Book value
- Par value
- Value Analysis
- Straight-line depreciation
1
When most of the depreciation expense is taken in the first years, it is called .
1. Accelerated depreciation
2. Straight-line depreciation
3. Amortization
4. Salvage value
1
Under the straight-line depreciation method, the yearly depreciation expense for a $20,000 truck with a
useful life of 5 years would be:
- $20,000
- $4,000
- $6,000
- $10,000
2
A cost with both a fixed and variable cost component is called?
- Fixed cost
- Variable cost
- Semi-variable cost
- Opportunity cost
3
The _______ includes both a revenue budget and an expense budget.
- The capital budget
- The financial budget
- The income budget
- The operating budget
4
An administrator would refer to ________ to determine if revenues were sufficient to cover expenses?
- Profit/loss statement
- Income statement
- Balance sheet
- Both 1 and 2
4
Operating revenues are monies received for services directly related to ?
- Resident/patient care
- Meals in dining room
- Beauty salon charges
- Telephone rental
1
A budget that projects purchase of assets of $500 or more and will be held for at least 1 year is called the?
- Revenue Budget
- Expense Budget
- Capital Budget
- Profit and loss statement
3
An administrator would refer to the to determine if revenues were sufficient to cover expenses
1. Profit/loss statement
2. Income statement
3. Balance sheet
4. Both 1 and 2
4
The system of entering both a debit and a credit is called the .
1. Cash basis of accounting
2. Double Entry bookkeeping system
3. Accrual basis of accounting
4. Deferred basis of accounting
2
Gross pay is calculated by .
1. Subtracting deductions from gross pay
2. Multiplying hours worked by the hourly rate
3. Dividing hours worked from the hourly rate
4. Adding hours worked to the hourly rate
2
Net pay is calculated by .
1. Subtracting deductions from gross pay
2. Multiplying the hours worked by the hourly rate
3. Dividing the hours worked from the hourly rate
4. Adding hours worked to the hourly rate
1
The practice of performing an initial inventory and then monitoring supply levels monthly is called
.
1. Perpetual inventory
2. Periodic inventory
3. Cycle counting
4. Just in time Inventory
1
An annual physical inventory is called .
1. Perpetual inventory
2. Periodic inventory
3. Cycle counting
4. Just in time Inventory
2
Keeping inventory in vendor warehouses and getting needed supplies delivered just in time is called
.
1. Perpetual inventory
2. Periodic inventory
3. Cycle counting
4. Just in time Inventory
4
________ assumes the supplies stored the longest will be used first, thereby raising the value of
the remaining inventory.
- First in – First out
- Last in – First out
- Current assets
- Non current assets
1
Which is not true about inventory controls?
1. The main purpose of inventory control is to discourage waste and pilfering
2. Should store supplies in locked store room with controlled access is key to inventory control
3. Inventory should be safely stored in a locked storeroom within 72 hours of receipt from the vendor
4. Supplies should be distributed to different parts of a facility to provide staff ready access to needed
supplies
3
Inventory control is not .
1. Used to prevent loss and theft
2. Used to monitor and record the supplies used by each department
3. Used to keep supplies at optimal levels and avoid costly overstocking
4. Used to keep supplies over stocked
4
What is not the proper way to receive goods from a vendor?
1. Compare shipping manifest to purchase order and ensure everything ordered was
delivered
2. Request a refund for any damaged or missing items
3. Save shipping manifest and purchase order and match them with final invoice from
vendor
4. Keep all invoices for all vendors in one master file
4
An employee with an hourly rate of $8 works 48 hours in a 40 hour week. What is the worker’s gross
salary per the Fair Labor Standards Act?
1. $384
2. $400
3. $416
4. $430
3
EEOC
Equal Empowerment Opportunity Commission
AFL-CIO
The American Federation of Labor and Congress of Industrial Organizations (AFL-CIO) is a federation of unions that advocates for workers’ rights. It’s the largest federation of unions in the United States.
