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CORE and NHA Supplemental Handout test questions and answers.
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CORE and NHA Supplemental Handout test questions and answers.
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CORE and NHA SupplementalHandout test questions and
answers
What does income statement and Profit and Loss Statement tell an
investor?
It details operating income and expenses and how efficiently the NHA is
managing the facility
What is a union steward?
An employee who works for the company and is a union member who acts
as the local union rep
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A current assess or liability must be sold or paid within how many months?
Within 12 months
A non-current asset or liability must be sold or paid within how many
months?
Within more than 12 months
What are the three budgets we work within?
, Operating, Cash, and Capital
What are the 2 main strategic budgets?
Operating and Capital budgets
What is the maim benefit of a limited liability partnership or Limited
Liability Corporation?
If sued, can only collect against the assets of the partnership or the
corporation and not individuals
What is key to an effective emergency management plan?
Must identify all potential disasters and dangers that may threaten the
facility and plan of action to address those threats
What is a deposit of money to ensure the performance of an obligation?
A surety bond or performance bond
Who must be on a surety bond?
The residents and the State
Overhead expenses such as depreciation or insurance are classified as
what type of expense?
Indirect expenses - cannot be charged to a particular department
What are 2 other names for Respondent Superior?
strict liability and vicarious liability
Weekend Overtime is not a __________?
capital asset or capital expense
Planned purchases of physical assets or capital assets is accomplished
through which budget?
A capital budget
What is the impact of the failure to record or account for depreciation?
The facility will overstate its assets
A minimum wage is imposed by which law?
The Fair Labor Standards Act which requires a federal minimum wage and
overtime
Who enforces the FLSA?
The Department of Labor Department
What is a swing bed in a rural hospital?
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