NAB CORE FINAL EXAM
NAB CORE FINAL EXAM LATEST 2025 REAL EXAM COMPLETE 450
VERIFIED QUESTIONS AND CORRECT DETAILED ANSWERS with WELL –
ELABORATED RATIONALES TEST BANK (VERIFIED ANSWERS) | GRADED
A+ GUARANTEED PASS UPDATED VERSION
A foreign-language-speaking care recipient is admitted to a healthcare
organization. The foreign language spoken by the care recipient is not commonly
spoken in the region where the organization is located. As part of communicating
care recipient rights, the organization should:
1. have the care recipient write a signed statement verifying that the care
recipient understands care recipient rights
2. explain the rights to a representative of the care recipient who can then explain
the rights to the care recipient
3. use pictures to explain the rights to the care recipient
4. provide a written translation to the care recipient - ANSWER-1. have the care
recipient write a signed statement verifying that the care recipient understands
care recipient rights
A care recipient has been diagnosed with a terminal disease to participate in
therapies to prolong life. The healthcare organization should offer consultation on
which of the following services?
1. Physiatrist
2. Oncology
3. Palliative care
4. Hospice care - ANSWER-3. Palliative care
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, NAB CORE FINAL EXAM
A direct cost is:
1. allocated equally to all areas of the budget
2. charged to a specific billing period
3. documented by proper accounting procedures
4. linked to a specific objective, responsibility, or function - ANSWER-4. linked to a
specific objective, responsibility, or function
A guest falls and is injured while visiting a healthcare organization's office. Which
one of the following types of insurance would cover this injury?
1. General liability insurance
2. Property insurance
3. Professional liability insurance
4. Workers' compensation insurance - ANSWER-1. General liability insurance
When the actual supply cost substantially exceeds the expected cost, the
administrator should initially:
1. tightly control products
2. investigate probable breach of security
3. review production schedules
4. examine methods of inventory - ANSWER-2. investigate probable breach of
security
Which type of financial statement is derived from analysis of other statements
and has more detail on financial activity?
1. Profit and loss
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, NAB CORE FINAL EXAM
2. Cash flow
3. Changes in financial position
4. Retained earnings - ANSWER-1. Profit and loss
Most often a third-party payer, such as a Medicaid or a long-term insurer, will
negotiate a lower rate for services rendered. The difference of funds that is
uncollectables between the full charges and the amount that is actually paid by a
third party payer is called:
1. expense allowances
2. deductions from revenue
3. contractual allowances
4. revenue write-off - ANSWER-3. contractual allowances
If overall revenue declines and census remains stable, an important financial area
to review would be:
1. balance depreciation
2. asset allocation
3. ancillary revenue
4. interest income revenue - ANSWER-3. ancillary revenue
A healthcare organization has just purchased equipment for a total cost of
$15,000. The equipment has a useful life of five years and the administrator is
planning to charge a depreciation expense of $3,000 per year. Which depreciation
method is being used?
1. Sum of the years' digits depreciation
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, NAB CORE FINAL EXAM
2. Declining balance depreciation
3. Straight-line depreciation
4. Accelerated depreciation - ANSWER-3. Straight-line depreciation
Utilizing the FIFO inventory method, which supply would be used last?
Supply A 12/1/2016 Supply B 12/20/2016 Supply C 1/4/2017 Supply D 2/3/2017 1.
Supply A
2. Supply B
3. Supply C
4. Supply D - ANSWER-1. Supply A
Which of the following best describes a primary difference between a not-
forprofit and a for-profit organization?
1. A for-profit organization may distribute profits to its shareholders
2. A for-profit organization receives pledges as part of its revenue base
3. A not-for-profit organization may pay bonuses out of its profits
4. A not-for-profit organization need not record charitable contributions -
ANSWER-1. A for-profit organization may distribute profits to its shareholders
The LIFO and FIFO methods of inventory costing both accounts for the effects of
which of the following factors on the price of inventory?
1. Salvage value
2. Depreciation.
3. Supply and demand
4|Page
NAB CORE FINAL EXAM LATEST 2025 REAL EXAM COMPLETE 450
VERIFIED QUESTIONS AND CORRECT DETAILED ANSWERS with WELL –
ELABORATED RATIONALES TEST BANK (VERIFIED ANSWERS) | GRADED
A+ GUARANTEED PASS UPDATED VERSION
A foreign-language-speaking care recipient is admitted to a healthcare
organization. The foreign language spoken by the care recipient is not commonly
spoken in the region where the organization is located. As part of communicating
care recipient rights, the organization should:
1. have the care recipient write a signed statement verifying that the care
recipient understands care recipient rights
2. explain the rights to a representative of the care recipient who can then explain
the rights to the care recipient
3. use pictures to explain the rights to the care recipient
4. provide a written translation to the care recipient - ANSWER-1. have the care
recipient write a signed statement verifying that the care recipient understands
care recipient rights
A care recipient has been diagnosed with a terminal disease to participate in
therapies to prolong life. The healthcare organization should offer consultation on
which of the following services?
1. Physiatrist
2. Oncology
3. Palliative care
4. Hospice care - ANSWER-3. Palliative care
1|Page
, NAB CORE FINAL EXAM
A direct cost is:
1. allocated equally to all areas of the budget
2. charged to a specific billing period
3. documented by proper accounting procedures
4. linked to a specific objective, responsibility, or function - ANSWER-4. linked to a
specific objective, responsibility, or function
A guest falls and is injured while visiting a healthcare organization's office. Which
one of the following types of insurance would cover this injury?
1. General liability insurance
2. Property insurance
3. Professional liability insurance
4. Workers' compensation insurance - ANSWER-1. General liability insurance
When the actual supply cost substantially exceeds the expected cost, the
administrator should initially:
1. tightly control products
2. investigate probable breach of security
3. review production schedules
4. examine methods of inventory - ANSWER-2. investigate probable breach of
security
Which type of financial statement is derived from analysis of other statements
and has more detail on financial activity?
1. Profit and loss
2|Page
, NAB CORE FINAL EXAM
2. Cash flow
3. Changes in financial position
4. Retained earnings - ANSWER-1. Profit and loss
Most often a third-party payer, such as a Medicaid or a long-term insurer, will
negotiate a lower rate for services rendered. The difference of funds that is
uncollectables between the full charges and the amount that is actually paid by a
third party payer is called:
1. expense allowances
2. deductions from revenue
3. contractual allowances
4. revenue write-off - ANSWER-3. contractual allowances
If overall revenue declines and census remains stable, an important financial area
to review would be:
1. balance depreciation
2. asset allocation
3. ancillary revenue
4. interest income revenue - ANSWER-3. ancillary revenue
A healthcare organization has just purchased equipment for a total cost of
$15,000. The equipment has a useful life of five years and the administrator is
planning to charge a depreciation expense of $3,000 per year. Which depreciation
method is being used?
1. Sum of the years' digits depreciation
3|Page
, NAB CORE FINAL EXAM
2. Declining balance depreciation
3. Straight-line depreciation
4. Accelerated depreciation - ANSWER-3. Straight-line depreciation
Utilizing the FIFO inventory method, which supply would be used last?
Supply A 12/1/2016 Supply B 12/20/2016 Supply C 1/4/2017 Supply D 2/3/2017 1.
Supply A
2. Supply B
3. Supply C
4. Supply D - ANSWER-1. Supply A
Which of the following best describes a primary difference between a not-
forprofit and a for-profit organization?
1. A for-profit organization may distribute profits to its shareholders
2. A for-profit organization receives pledges as part of its revenue base
3. A not-for-profit organization may pay bonuses out of its profits
4. A not-for-profit organization need not record charitable contributions -
ANSWER-1. A for-profit organization may distribute profits to its shareholders
The LIFO and FIFO methods of inventory costing both accounts for the effects of
which of the following factors on the price of inventory?
1. Salvage value
2. Depreciation.
3. Supply and demand
4|Page
