Study Guide 4

Question 1

Both eyes are abbreviated ?

1. BID
2. HS
3. QD
4. OU

Answer 1

4

Question 2

Nighttime is abbreviated ?

1. BID
2. HS
3. QD
4. OU

Answer 2

2

Question 3

A facility may keep _______ in a resident’s medical chart.

1. Only the most recent MDS assessment
2. The last 2 completed MDS assessments
3. Last 3 completed MDS assessments
4. Last 4 completed MDS assessments

Answer 3

1

Question 4

In 1973, the supreme court ruled with respect to collective bargaining that nurses?

1. Could be part of one of the two approved bargaining units
2. Were considered management and could not join a union
3. Were exempt from overtime
4. Had the right to participate in union activities

Answer 4

2

Question 5

E-Coli bacteria is found in ?

1. Beef
2. Chicken
3. Pork
4. Fish

Answer 5

1

Question 6

Must have _____ of knee clearance under tables, sinks and countertops.

1. 12”
2. 15”
3. 19”
4. 24”

Answer 6

3

Question 7

The Americans with Disabilities Act requires that doorway thresholds rise no more than ______ to
accommodate wheelchairs.

1. ¼ inch
2. ½ inch
3. ¾ inch
4. 1 inch

Answer 7

2

Question 8

Which is not true of the Americans With Disabilities Act?

1. Complaints of discrimination under the ADA are made to the EEOC
2. Part-time workers are covered by the ADA
3. The American National Standards Institute developed the ADA construction standards
4. The ADA protects workers 40 years and older from age discrimination

Answer 8

4

Question 9

FLSA does not?

1. Govern overtime and minimum wage
2. Govern child labor
3. Set minimum hourly wage rate
4. Require employers to provide employees 12 weeks of unpaid family leave

Answer 9

4

Question 10

Under FLSA, a worker cannot accrue more than ____ hours of compensatory time in a single year.
1. 140
2. 240
3. 340
4. 350

Answer 10

2

Question 11

The ______ prohibits paying male and female workers different pay for work requiring the same skills.

1. Age Discrimination Act
2. Equal Pay Act
3. Fair Labor Standards Act
4. Family Medical Leave Act

Answer 11

2

Question 12

The _____ enforces the Equal Pay Act.
1. EEOC
2. Dept of Labor
3. ANSI
4. Dept of Justice

Answer 12

1

Question 13

Under the Civil Rights Act of 1964, employers cannot discriminate on the basis of ?

1. Race, Color, Gender, Religion, National Origin
2. Race, Color, Religion, Age, National Origin
3. Race, Age, Color, Religion, Gender, Sex
4. Race, Sex, Age, Color, Religion, National Origin

Answer 13

1

Question 14

________ provides benefits to workers when their employment is terminated by the employer.

1. Federal Unemployment Tax Act
2. Worker’s Compensation Act
3. Employee Retirement Income Security Act
4. None of the above

Answer 14

1

Question 15

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.

1. 10%, 15 times
2. 15%, 20 times
3. 20%, 25 times
4. 25%, 30 times

Answer 15

4

Question 16

Terminated workers are entitled to ___ weeks of unemployment benefits.
1. 12
2. 18
3. 26
4. 30

Answer 16

3

Question 17

The Employee Retirement Income Security Act does not require employers to ?

1. Responsibly administer pension plans
2. Provide their workers a pension plan
3. Adequately fund their pension plans
4. Insure pension plans with the Federal Pension Guaranty Corporation

Answer 17

2

Question 18

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

Answer 18

4

Question 19

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

Answer 19

3

Question 20

The Age Discrimination in Employment Law does not ?

1. Apply to employers with 20+ workers
2. Protect workers 40+ years old
3. Prohibit an employer from changing a job description if it will negatively impact a worker due to age
4. Allow employers to force older employees to retire based on age

Answer 20

4

Question 21

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

Answer 21

3

Question 22

Under the FMLA an employee is not?

1. Entitled to paid leave
2. Entitled to paid insurance benefits while on FMLA leave
3. Entitled to take modified leave and schedule blocks of time (i.e., work half days or take time during
   week to visit doctor, etc.)
4. Entitled to return to their former position

Answer 22

1

Question 23

The requires an employer to advise a job applicant if a consumer credit report will be used?

1. Fair Credit Act of 1991
2. Equal Pay Act
3. Consumer Credit Protection Act
4. Age Discrimination in Employment

Answer 23

1

Question 24

The _____ is a federal tax deducted from worker paychecks to fund social security benefits?

1. Employment Compensation Tax
2. Workers Compensation Tax
3. Federal Income Tax
4. Federal Insurance Contributions Act Tax (FICA)

Answer 24

4

Question 25

The _____ is used to verify a worker’s citizenship status. 1. W2 2. W-4 3. I-9 4. Form 941

Answer 25

3

Question 26

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

Answer 26

2

Question 27

FUTA stands for? 1. Federal Universal Tax Act 2. Federal Unemployment Tax Act 3. Federal Universal Transfer Act 4. Federal Uninsured Tax

Answer 27

2

Question 28

The State Unemployment Compensation program is funded through the? 1. Federal Workers Compensation Tax Act 2. Federal Income Security Act 3. Federal Unemployment Tax Act 4. Centers for Medicare and Medicaid Services

Answer 28

3

Question 29

The _____ prohibits financial alliances between nursing homes. 1. Stark Law 2. Ethics in Patient Referrals Act 3. Robinson Patman Act 4. Wagner Act

Answer 29

3

Question 30

The Equal Employment Opportunity Act does not ? 1. Determine the guilt of employers violating the Civil Rights Act 2. Expand the Civil Rights Act of 1972 to apply to employers with 50 or more employees 3. Expand the Civil Rights Act of 1964 to apply to local and state government employers 4. Require complaints of discrimination be filed with the Equal Employment Opportunity Commission

Answer 30

1

Question 31

A complaint for violations of the EEOA is filed with the? 1. Department of Justice 2. EEOC 3. National Labor Relations Board 4. Department of Labor

Answer 31

2

Question 32

Under the EEOA, employers must ______ avoid in selecting and hiring employees. 1. Disparate treatment 2. Adverse impact 3. Disparate impact 4. Both 1 and 3

Answer 32

2

Question 33

______ makes employers responsible for injuries to their employees during the course of their employment. 1. Respondent superior 2. Federal Employer’s Liability Act 3. Civil Rights Act of 1964 4. Equal Employment Opportunity Acct

Answer 33

2

Question 34

The Older American’s Act does not? 1. Require the creation of a Long Term Care Ombudsman 2. Require the Area Agency on Aging to administer the Older Americans Act 3. Provide benefits to Individuals 50 and older 4. Pay for housekeeping, meals, transportation and activities

Answer 34

3

Question 35

The _____ requires Medicare and Medicaid certified facilities to advise patients of advanced directives. 1. Patient Self Determination Act (1990) 2. Taft Hartley Act 3. Kerr Mills Act 4. Older Americans Act

Answer 35

1

Question 36

According to the PSDA, a facility must place ______ in the patient medical chart. 1. A copy of any executed advanced directives 2. The resident’s financial form 3. The admission’s contract 4. The resident’s bill of rights

Answer 36

1

Question 37

A 1994 U.S. Supreme Court ruling changed the status of nurses by ? 1. Classifying nurses as supervisory staff and part of management and not protected by the Taft Hartley Act 2. Affirming the right of nurses to organize a union 3. Designating nurses and a separate bargaining unit 4. Requiring management to bargain collectively with nurses

Answer 37

1

Question 38

The main reason nursing home employees organize a union is ? 1. Low wages 2. Long hours 3. Dislike of the work 4. A breakdown in communication between management and workers

Answer 38

4

Question 39

The _____ is the largest union in the United States. 1. United Food and Commercial Workers 2. AFL-CIO 3. SEIU 4. AFSCME

Answer 39

2

Question 40

The _____ represents most workers in the nursing home industry. 1. United Food and Commercial Workers 2. AFL-CIO 3. SEIU 4. AFSCME

Answer 40

3

Question 41

SEIU stands for? 1. State Employees International Union 2. Service Employees International Union 3. South Eastern International Union 4. State Employees Industrial Union

Answer 41

2

Question 42

The _____is used to plan and control facility operations and results. 1. Mission statement 2. Budget 3. Bylaws 1. Resident care plans

Answer 42

2

Question 43

The “CIO” merged with the? 1. American Federation of Labor 2. Associated Federation of Laborers 3. Amalgamated Federation of Labor 4. None of the above

Answer 43

1

Question 44

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

Answer 44

1

Question 45

The____ summarizes data from the journals, the general journal and the general ledger. 1. Budget 2. Financial statements 3. contra account 4. Fund account

Answer 45

2

Question 46

The _____ mandates how financial records must be maintained. 1. Payroll system 2. Accounting System 3. Budget 4. Financial controls

Answer 46

2

Question 47

Which is not true of a depreciable or capital asset? 1. It is tangible 2. It has value of $500 or more 3. It has a useful life of more than one year 4. It is intangible

Answer 47

4

Question 48

The book of original entries of financial transactions listed in chronological order is/are called the? 1. Journals 2. Balance sheet 3. Financial Statements 4. Profit and loss statement

Answer 48

1

Question 49

The _____ prepares the financial statements. 1. Administrator 2. Accountant 3. Bookkeeper 4. Business Office Manager

Answer 49

2

Question 50

The ______ must be audited by a certified public accountant each year. 1. Ledger 2. Journal 3. Financial statements 4. Chart of accounts

Answer 50

3

Question 51

The ______ records financial transactions in the journals and the general ledger. 1. Administrator 2. Accountant 3. Bookkeeper 4. Certified Public Accountant

Answer 51

3

Question 52

The basis for developing a realistic budget is ? 1. The Administrator’s goals 2. The governing body’s income expectations 3. Wish lists submitted by department heads 4. Past financial performance

Answer 52

4

Question 53

A list of every account in the facility is called the ? 1. Chart of accounts 2. General ledger 3. General journal 4. Trial Balance

Answer 53

1

Question 54

The first place financial transactions are recorded in date order is/are the ? 1. General ledger 2. Journals 3. Chart of accounts 4. Income statement

Answer 54

2

Question 55

________ is used to record non-recurring (one-time) entries. 1. General Journal 2. Billings Journal 3. Cash disbursements 4. Chart of Accounts

Answer 55

1

Question 56

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

Answer 56

1

Question 57

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

Answer 57

3

Question 58

Receipts, bank statements, invoices and bills are called? 1 Source documents 2. Debits 3. Credits 4. Original documents

Answer 58

3

Question 59

The _____ summarizes all debits and credits. 1. General journal 2. Chart of accounts 3. General ledger 4. Balance Sheet

Answer 59

3

Question 60

Accountants prepare the financial statements when the? 1. The administrator instructs the bookkeeper to do so 2. A certified public accountant audits the journal entries and tells the accountant to do so 3. The “Books” balance 4. The balance sheet is prepared

Answer 60

3

Question 61

If the trial balance shows that debits and credits in the journals do not balance out, that indicate there was an error in ? 1. Arranging the accounts in the ledger 2. Recording the transactions 3. Preparing the financials 4. Closing the books

Answer 61

2

Question 62

The summary of financial well being is called the ? 1. Journal 2. Ledger 3. Balance sheet 4. Notes to financial condition

Answer 62

3

Question 63

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

Answer 63

3

Question 64

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

Answer 64

4

Question 65

The accounting equation is . 1. Assets = liabilities + capital 2. Assets = revenues + expenses 3. Assets = revenues + assets 4. All of the above

Answer 65

1

Question 66

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

Answer 66

4

Question 67

Assets are listed on the ____ side of the balance sheet. 1. Left side 2. Right side 3. Revenue side

Answer 67

1

Question 68

A thing that is owned by the facility that will or can be converted to cash within 12 months is called a? 1. Current asset 2. Non-current asset 3. Current liability 4. Short-term debt

Answer 68

1

Question 69

Prepaid insurance is categorized as? 1. An asset 2. A liability 3. Short term debt 4. Contingent liability

Answer 69

1

Question 70

If the administrator wants to know the amount of working capital on hand, he/she would look at the

Answer 70

Balance sheet

Question 71

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

Answer 71

2

Question 71

One-time costs of acquiring an asset (purchase price, taxes, shipping, delivery) are called

Answer 71

Historic Cost

Question 71

An expense associated with the use of an asset is called

Answer 71

Depreciation

Question 72

An obligation of a facility to pay others is called a(n)

Answer 72

liability

Question 73

Obligations that must be paid within 12 months are called

Answer 73

Current Liabilities

Question 74

Obligations not paid within 12 months are called

Answer 74

Non-Current Liabilities

Question 75

The amount on the balance sheet representing ownership would not include

Answer 75

revenue

Question 76

Capital would not include

Answer 76

Gross income

Question 77

To determine if revenues are sufficient to cover expenses, you would review the

Answer 77

P/L Statements

Question 78

Operating revenues prior to deductions are called . 1. Net operating revenues 2. Gross operating revenues 3. Gross income 4. Net present value

Answer 78

2

Question 79

Working capital is calculated by deducting ______ from ______ . 1. Current assets, current liabilities 2. Non-current assets, current liabilities 3. Current capital, non-current liabilities 4. Operating revenue, non operating revenue

Answer 79

1

Question 80

To calculate the value of an investor’s investment in a business, you need to look at the? 1. Balance sheet 2. Profit/Loss statement 3. Income statement 4. None of the above

Answer 80

1

Question 81

Under generally accepted accounting principles, investors are not required to be provided a copy of the? 1. Notes to Financial statements 2. Statement of changes in financial condition 3. Trial balance 4. Profit and loss statement

Answer 81

3

Question 82

The -________ is provided to shareholders and reports revenues by source and the expenses by functional category for the year. 1. Statement of revenues and expenses 2. Statement of cash flows 3. Statement of changes to fund balance 4. Notes to financial statements

Answer 82

1

Question 83

An asset purchased for use rather than resale (land, buildings, equipment) is called a(n) ? 1. Capital asset 2. Historic cost 3. Opportunistic cost 4. Intangible asset

Answer 83

1

Question 84

Working capital (funds the facility has available to use) is calculated by? 1. Subtracting current assets from current liabilities 2. Adding assets to liabilities 3. Dividing current assets from current liabilities 4. Subtracting investor capital from expenses

Answer 84

1

Question 85

An asset to debt ratio of 1.0 or above indicates a facility ? 1. Can meet its obligations 2. Cannot meet its obligations 3. Needs to borrow or raise more money to pay its bills 4. Has serious cash flow problems

Answer 85

1

Question 86

A facility with an asset to debt ratio of .93 indicates the facility ? 1. Has sufficient cash to meet its needs 2. Has cash flow problems 3. Has increased investor equity 4. Exceeds the industry standard

Answer 86

2

Question 87

Acid Test Ratio is used to calculate funds available in a few days to pay current liabilities and is expressed as? 1. Cash and current receivables divided by current liabilities 2. Cash and non-current assets divided by current liabilities 3. Equity and non-current assets divided by non-current liabilities 4. Current liabilities divided by gross income

Answer 87

1

Question 88

Which is not true of the cash basis of accounting? 1. Only 1% of facilities use this system 2. Transactions are recorded when cash actually changes hands 3. Transactions are recorded when cash is actually disbursed or received. 4. Cash accounting system can account for depreciation

Answer 88

4

Question 89

The ______ records a transaction when funds are actually received or paid out. 1. Accrual accounting system 2. Cash accounting system 3. Prospective payment 4. Retrospective payment system

Answer 89

2

Question 90

Which is not true of the accrual basis of accounting? 1. 99% of facilities use the accrual accounting system 2. Medicare and Medicaid do not require use of the accrual method 3. Transactions are recorded when cash is earned and expenses are incurred (date of the invoice) 4. The accrual method matches revenues and expenses when they occur

Answer 90

2

Question 91

The costs of acquiring an asset spread out over the useful life of an asset are called ? 1. Opportunity costs 2. Depreciation 3. Amortization 4. Historic Costs

Answer 91

2

Question 92

The number of years an asset can be used by a facility is called? 1. Accelerated depreciation 2. Useful life 3. Amortization 4. Salvage value

Answer 92

2

Question 93

The value at the end of an asset’s useful life is called ? 1. Accelerated depreciation 2. Straight-line depreciation 3. Amortiztion 4. Salvage value

Answer 93

4

Question 94

The historic cost of a depreciable asset that is spread out evenly over its useful life is called ? 1. Accelerated depreciation 2. Straight-line depreciation 3. Amortization 4. Salvage value

Answer 94

2

Question 95

The cost of an asset minus its current value (less depreciation) is called ? 1. Book value 2. Par value 3. Value Analysis 4. Straight-line depreciation

Answer 95

1

Question 96

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

Answer 96

1

Question 97

Under the straight-line depreciation method, the yearly depreciation expense for a $20,000 truck with a useful life of 5 years would be: 1. $20,000 2. $4,000 3. $6,000 4. $10,000

Answer 97

2

Question 98

A cost with both a fixed and variable cost component is called? 1. Fixed cost 2. Variable cost 3. Semi-variable cost 4. Opportunity cost

Answer 98

3

Question 99

The _______ includes both a revenue budget and an expense budget. 1. The capital budget 2. The financial budget 3. The income budget 4. The operating budget

Answer 99

4

Question 100

An administrator would refer to ________ to determine if revenues were sufficient to cover expenses? 1. Profit/loss statement 2. Income statement 3. Balance sheet 4. Both 1 and 2

Answer 100

4

Question 101

Operating revenues are monies received for services directly related to ? 1. Resident/patient care 2. Meals in dining room 3. Beauty salon charges 4. Telephone rental

Answer 101

1

Question 102

A budget that projects purchase of assets of $500 or more and will be held for at least 1 year is called the? 1. Revenue Budget 2. Expense Budget 3. Capital Budget 4. Profit and loss statement

Answer 102

3

Question 103

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

Answer 103

4

Question 104

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

Answer 104

2

Question 105

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

Answer 105

2

Question 106

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

Answer 106

1

Question 107

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

Answer 107

1

Question 108

An annual physical inventory is called . 1. Perpetual inventory 2. Periodic inventory 3. Cycle counting 4. Just in time Inventory

Answer 108

2

Question 109

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

Answer 109

4

Question 110

________ assumes the supplies stored the longest will be used first, thereby raising the value of the remaining inventory. 1. First in – First out 2. Last in – First out 3. Current assets 4. Non current assets

Answer 110

1

Question 111

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

Answer 111

3

Question 112

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

Answer 112

4

Question 113

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

Answer 113

4

Question 114

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

Answer 114

3

Question 117

EEOC

Answer 117

Equal Empowerment Opportunity Commission

Question 119

AFL-CIO

Answer 119

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.