BRAINSCAPE1
Nab practice Exam with complete solutions latest
version
1. In a resident care assisted living (RCAL) organization, durable medical equip-
ment is a covered benefit of Medicare Part:: B
2. The operating budget is used throughout the fiscal year to measure per-
formance in a resident care assisted living (RCAL) community by an analysis
technique known as:: Variance
3. The concept of aging-in-place allows an individual to receive care and services
in one setting for as long as is feasible. Which of the following is a factor that
determines the community's ability to allow residents to age-in-place?:
4. The concept of aging-in-place allows an individual to receive care and services
in one setting for as long as is feasible. Which of the following is a factor
that determines the community's ability to allow residents to age-in-place?: State
regulatory requirements
5. The principal value in maintaining an operating budget is its application as:: an
instrument of ongoing evaluation and control.
6. The operating budget has two key parts:: the expense budget and the revenue budget.
7. As a managerial tool, the operating budget is used throughout the fiscal year
to: measure performance.
8. If a health care organization has a current ratio greater than 1, which of the
following statements is most likely true?: It will be able to pay its bills on time.
9. A current ratio greater than 1 means that the organization's current assets: -
exceed its current liabilities,
10. current ratio greater than 1 means that the organization's current assets
exceed its current liabilities, which indicates that the business will likely have
the ability to pay short-term liabilities as they come due. Such a favorable
liquidity position also makes the organization: more likely to qualify for a loan.
BRAINSCAPE1
, BRAINSCAPE1
11. If the health care organization's occupancy increases from 94% to 98%, the
fixed cost per care recipient:: decreases slightly.
12. Fixed cost per resident is calculated by dividing total fixed costs by: number of
residents (which is calculated by currently occupied beds)
13. If the occupancy rate increases slightly, fixed costs: fixed costs do not change (by
definition),
BRAINSCAPE1
, BRAINSCAPE1
14. so when the number of residents increases, it results in a fixed cost
per resident.: decreased
15. A salaried employed is a cost because they will be paid the same
amount regardless of care recipient load, census, hours worked, etc.: fixed
16. current ratio is calculated by dividing current assets by
Therefore, the higher the current ratio, the more effective the facility will be in
: current liabilities
meeting its current liabilities.
17. Under the accrual basis of accounting, revenues are recorded when and
expenses are recorded when .: revenues are earned, expenses are incurred
18. Which financial document contains cash flows from operating, investing,
and financing activities as well as acts as kind of corporate checkbook?: Cash Flow
Statement
19. the balance sheet gives a one-time snapshot of a company's
and the income statement indicates the business's profitability during ,
the cash flow statement acts as a kind of corporate checkbook that reconciles
the & : assets and liabilities,
a certain period
balance sheet & income statement
20. A generally accepted accounting principle (GAAP) would be violated if a
health care organization used an optimistic estimate of the current market
value of its building in its balance sheet. T or F: True
21. A cash budget is an estimate of the:: Cash inflows and outflows for the fiscal year.
22. cash budget helps to project if the organization will have: adequate cash to meet their
projected operational requirements
23. The technique by which operating budgets are used throughout the fiscal
year to measure performance is known as:: Variance analysis.
BRAINSCAPE1
Nab practice Exam with complete solutions latest
version
1. In a resident care assisted living (RCAL) organization, durable medical equip-
ment is a covered benefit of Medicare Part:: B
2. The operating budget is used throughout the fiscal year to measure per-
formance in a resident care assisted living (RCAL) community by an analysis
technique known as:: Variance
3. The concept of aging-in-place allows an individual to receive care and services
in one setting for as long as is feasible. Which of the following is a factor that
determines the community's ability to allow residents to age-in-place?:
4. The concept of aging-in-place allows an individual to receive care and services
in one setting for as long as is feasible. Which of the following is a factor
that determines the community's ability to allow residents to age-in-place?: State
regulatory requirements
5. The principal value in maintaining an operating budget is its application as:: an
instrument of ongoing evaluation and control.
6. The operating budget has two key parts:: the expense budget and the revenue budget.
7. As a managerial tool, the operating budget is used throughout the fiscal year
to: measure performance.
8. If a health care organization has a current ratio greater than 1, which of the
following statements is most likely true?: It will be able to pay its bills on time.
9. A current ratio greater than 1 means that the organization's current assets: -
exceed its current liabilities,
10. current ratio greater than 1 means that the organization's current assets
exceed its current liabilities, which indicates that the business will likely have
the ability to pay short-term liabilities as they come due. Such a favorable
liquidity position also makes the organization: more likely to qualify for a loan.
BRAINSCAPE1
, BRAINSCAPE1
11. If the health care organization's occupancy increases from 94% to 98%, the
fixed cost per care recipient:: decreases slightly.
12. Fixed cost per resident is calculated by dividing total fixed costs by: number of
residents (which is calculated by currently occupied beds)
13. If the occupancy rate increases slightly, fixed costs: fixed costs do not change (by
definition),
BRAINSCAPE1
, BRAINSCAPE1
14. so when the number of residents increases, it results in a fixed cost
per resident.: decreased
15. A salaried employed is a cost because they will be paid the same
amount regardless of care recipient load, census, hours worked, etc.: fixed
16. current ratio is calculated by dividing current assets by
Therefore, the higher the current ratio, the more effective the facility will be in
: current liabilities
meeting its current liabilities.
17. Under the accrual basis of accounting, revenues are recorded when and
expenses are recorded when .: revenues are earned, expenses are incurred
18. Which financial document contains cash flows from operating, investing,
and financing activities as well as acts as kind of corporate checkbook?: Cash Flow
Statement
19. the balance sheet gives a one-time snapshot of a company's
and the income statement indicates the business's profitability during ,
the cash flow statement acts as a kind of corporate checkbook that reconciles
the & : assets and liabilities,
a certain period
balance sheet & income statement
20. A generally accepted accounting principle (GAAP) would be violated if a
health care organization used an optimistic estimate of the current market
value of its building in its balance sheet. T or F: True
21. A cash budget is an estimate of the:: Cash inflows and outflows for the fiscal year.
22. cash budget helps to project if the organization will have: adequate cash to meet their
projected operational requirements
23. The technique by which operating budgets are used throughout the fiscal
year to measure performance is known as:: Variance analysis.
BRAINSCAPE1
