NAB Domain 2 Operations Practice Test

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• What type of alerts does the Office of Inspector General (OIG) issue regarding health care fraud?
• In the context of financial reporting, what is the main purpose of a cash budget?
• What is the purpose of conducting an audit?
• What is a potential consequence of practicing nepotism in the workplace?
• Who is primarily responsible for the human resources function within an organization?
• Which function involves planning for human resource needs and managing staff-related processes?
• What is the process of evaluating and rating jobs within an organization for wage purposes?
• What is included in the cost of acquiring a depreciable asset?
• What type of objectives are specified in terms of observable behaviors for training purposes?
• What is the primary focus of the review of a facility's hiring practices?
• What does the Civil Rights Act of 1964 state regarding adverse impact in hiring practices?
• Which financial statement reports a company's revenue and expenses over a specific time period?
• What term describes the ability of service agencies to understand and adapt to the world views of clients from different cultures?
• What is the primary goal of working capital management?
• Which act made federal funds available to states for health care for the needy?
• What is the impact of an employee's tenure on salary rate according to wage policy?
• What happens to the accounts receivable when an uncollectible account is written off?
• In terms of a balance sheet, how are liabilities classified?
• Which term refers to deliberate deceit in obtaining payments for services not provided?
• Which act establishes principles regarding patient privacy and confidentiality of medical information?
• Which of the following best describes a job posting?
• What is the process of issuing a series of warnings before enforcing disciplinary actions?
• Which act addresses issues related to equal pay for equal work?
• What payment system is used by Medicare that is based on the acuity of patients in nursing facilities?
• Which of the following is included in the definition of 'Controller' in a business setting?
• What approach uses valid predictors of job success to select applicants?
• Which of the following best describes the classification system used in case-mix-based payment systems?
• What describes the difference between self-pay rates and agreed reimbursement rates from third-party payers?
• What does EBITDAR appraise in relation to business financials?
• What statement outlines the tasks and responsibilities associated with a specific job?
• What does it signify when there is a high census in a healthcare facility?
• What federal agency was created to enforce the provisions of the Civil Rights Act of 1964 and administer various anti-discrimination laws?
• What is the goal of the Stark Act with respect to physicians' referrals?
• What does the term' factoring of receivables' refer to?
• Which of the following describes informative sessions provided to employees to enhance their skills?
• What type of discrimination can lead to legal violations under the Civil Rights Act of 1964?
• What are funds called that are established to account for assets with uses limited by donor or grantee requirements?
• What identifies a clinical approach to hiring decisions?
• What is the primary function of a search firm in the employment sector?
• Which parties are involved in a binding arbitration process?
• What term describes an entity, such as Medicare or Medicaid, that pays for part or all of a resident's charges?
• What is an organizational unit responsible for its own costs known as?
• Which of the following is a key focus of working capital management?
• What is the point called where total revenues equal total expenses for a firm?
• What describes the responsibilities and duties performed by an individual within an organization?
• What is the primary purpose of a Flexible Spending Account?
• What does organizing in a managerial context involve?
• What does a note generally represent in financial terms?
• Which of the following best describes the essence of an Employee Handbook?
• What type of interview is used to screen out unsuitable applicants for a position?
• Which action is performed to remove an uncollectible account from the accounts receivable?
• Which office is responsible for identifying and eliminating fraud in Medicare and Medicaid?
• Which type of lease requires periodic payments for the use of an asset for a specified period?
• What defines the range of pay for various jobs within the same classification?
• What system assesses jobs to determine appropriate compensation?
• What type of financial analysis uses current liabilities plus noncurrent liabilities divided by total assets?
• What does wage policy refer to in a management context?
• What is the term for setting aside funds to cover specific risks as an alternative to insurance?
• Which aspect is critical for service agencies to effectively work with diverse cultural groups?
• Who is described as an individual who advises another over a specific period?
• Which component of revenue includes funds from patient services like room and board?
• Which type of asset is commonly referred to as fixed assets?
• What is the term used for the temporary dismissal of workers from their jobs due to lack of work?
• What entity integrates the financing and delivery of health care to covered individuals through selected providers?
• Which assets are measured as having an estimated life in excess of one year?
• What federal law imposes penalties for making false claims to federal health care programs?
• What is defined as the mosaic of individuals and groups with varying backgrounds, experiences, styles, perceptions, values, and beliefs?
• What is defined as a collection of tasks assigned to an employee?
• Which term describes pathways established by organizations for employee advancement?
• What is the term for the wages that are typically paid in the majority of facilities within a community?
• What is an example of an intangible asset for a nursing facility?
• What is the halo effect in employee evaluations?
• What is the name of the book of original entry where transactions are first formally recorded?
• Which term best describes the assessment of how well jobs are done in achieving organizational goals?
• Which of the following refers to compensation other than wages paid to workers?
• What are the primary sources of liability in health care malpractice lawsuits?
• What is a primary limitation of the payback period method?
• What does the payback period measure?
• Which of the following describes an aspect of the occupancy rate?
• What does 'historical cost' include when acquiring a depreciable asset?
• What does civil law govern?
• Which payment system pays skilled nursing facilities an all-inclusive rate for Medicare Part A beneficiary services?
• What is typically maintained through donor specifications in restricted funds?
• What is classified as an account receivable that is deemed uncollectible?
• Which process involves posting job openings on bulletin boards for internal recruitment?
• During a write-off, which of the following accounts is decreased?
• What do accounts payable represent?
• What term describes the process where a third party helps settle disputes between a union and a facility?
• Which of the following elements is part of a written mortgage?
• Which term refers to the naming of a job to distinguish it from others, often indicating its level?
• What is the title of the chief accountant in a firm?
• What requirement mandates employers to increase the hiring of women or minority individuals?
• What motivates employees to perform well according to Expectancy Theory?
• What is the primary focus of civil liability in healthcare?
• What is the financial statement showing a company's performance over a specific period called?
• What action increases bad debts expense when an account is written off?
• How is the operating margin defined?
• What is the term for the estimated period during which a fixed asset can be used in production or service?
• What control technique assesses differences between budgeted and actual revenues and expenses?
• What is performance feedback in the context of employee evaluation?
• What must be taken into account when calculating a Flexible Spending Account?
• What term is used to describe revenues earned from ancillary services in health care?
• Which depreciation method allocates equal amounts of expense over the asset's life?
• What is a series of coordinated work elements used to produce an output called?
• What does an increase in owner's equity from services rendered represent?
• Which type of care is focused on rehabilitation after hospital treatment?
• What type of assets include cash and accounts receivable?
• Which financial statement shows the changing cash balance during a fiscal period?
• What practice involves charging private-pay patients more than the actual costs to offset losses from government programs?
• Which of the following does not pertain to financial management principles?
• What term describes the average number of patients per day over a specific period?
• What managerial function involves setting objectives and identifying means for achieving them?
• Which account type is designated specifically for operational financial summaries?
• What is the primary characteristic of the accelerated method of depreciation?
• What is the process of requesting bids from vendors to provide goods or services called?
• Which equation represents the fundamental relationship in accounting?
• Interest-bearing notes issued to bondholders are referred to as what?
• What does the National Labor Relations Board oversee?
• What term describes the geographic area from which job applicants are sourced?
• What is the purpose of funded depreciation?
• What program is enacted under Section 1915(c) of the Social Security Act for long-term care?
• What are expenses termed when they are paid in advance for several months?
• Which element is essential for an employer to prove regarding hiring standards under the Civil Rights Act?
• What type of life insurance has no cash or loan value associated with it?
• Which individual is tasked with making decisions on behalf of a facility's administrator?
• What type of program provides 24-hour, confidential support to employees for personal matters?
• What financial concept refers to the excess of current assets over current liabilities?
• Which IRS form must employees submit to indicate their marital status and allowances for tax withholding?
• Which entity administers the process for unions to be certified as bargaining agents?
• Which of the following is NOT considered a part of human resources functions?
• What is the process by which workers organize themselves through elections as supervised by a governing body?
• What type of error occurs when supervisors consistently rate all employees with moderate scores regardless of actual performance?
• What does 'owner's equity' signify in a business context?
• In double-entry accounting, what are increases in asset accounts recorded as?
• What is the evaluation error characterized by consistently giving high ratings to avoid conflict?
• What amount must be reported by employers to independent contractors on Form 1099-MISC?
• In case-mix-based payment systems, higher per diem rates are paid for residents requiring what?
• Which job title indicates a specific level of a position within a hierarchical structure?
• What is the goal-setting process in performance appraisals?
• What does a lower debt ratio typically indicate about a facility's financial soundness?
• Which of the following accurately describes 'accounts payable'?
• What document compiles facility policies related to work conditions and can serve as a binding contract?
• What does the Loan-to-Value Percentage represent?
• What is the purpose of the List of Excluded Individuals/Entities database maintained by the OIG?
• What method is used to establish the value of a job by comparing it to all other jobs within an organization?
• What is the common name for the laws that prohibit "self-referral" by physicians?
• What term describes the period during which specified maximum amounts for covered services may be paid by an insurance plan?
• What is a Medicaid Managed Care Organization primarily concerned with?
• What does the Last In, First Out (LIFO) method assume about inventory usage?
• What type of assets are expected to provide future economic benefits for a number of years?
• What type of agency focuses on finding middle and upper-level positions for employers?
• What is an essential feature of the Employee Assistance Program (EAP)?
• What term describes the strategy to maximize communication and acceptance among non-unionized employees?
• Which term refers to fraudulent upcoding within the Medicare prospective payment system?
• What is typically included in a performance evaluation?
• Which of the following is a key characteristic of cash inflows?
• Which financial metric is calculated as current assets divided by current liabilities?
• What does the term "RUG creep" refer to in medical billing?
• Which type of living arrangement offers a homelike environment for seniors needing assistance?
• What actions are taken to alter the workplace to accommodate a disabled employee?
• Which term describes the grouping of activities within a facility?
• What method is employed to equally distribute depreciation expenses over asset life?
• What term describes the ability of individuals with specialized skills to negotiate a higher wage?
• Which inventory management method uses the oldest supplies first while considering expiration dates?
• What is the term for managing wage, incentive, and benefit programs in a facility?
• What is Flex Time in relation to employee scheduling?
• What are accounts receivable?
• What is the purpose of a bank statement?
• What document does a seller prepare to describe the goods sold and the terms for payment?
• What term is used to describe the cumulative census of patients over a specific period?
• Why are pay rates for long-time employees typically different from those of new employees?
• Which ratio measures projected annual cash flow divided by required annual debt payments?
• What type of entries are included for adjustments like depreciation and inventory usage in accounting?
• What practice involves favoring family members in hiring?
• What is another name for an income statement?
• What penalties does the Medicare and Medicaid Anti-Kickback Law impose?
• What is a benefit of conducting performance evaluations?
• What is a claim in the context of healthcare?
• What are "Patient Days" also referred to as?
• What is the role of arbitration in labor relations?
• What process involves determining wage rates based on various market factors and job value?
• What is a mortgage in the context of finance?
• What assessment method lists traits and characteristics of an employee's position on a scale?
• What does the term opportunity cost refer to?
• What is the term for wage adjustments made during inflation to help workers maintain purchasing power?
• What are funds reserved for meeting future obligations called?
• Which term describes costs that remain constant regardless of the patient's volume?
• What is the term for using receivables as collateral for a loan while retaining the responsibility for collecting them?
• Empowerment in the workplace refers to which concept?
• Which theory encompasses ideas about how compensation can motivate employees?
• What are items consumed in normal business operations called?
• What does an aging schedule represent in accounts receivable management?
• What does staffing involve in health care operations?
• How are capital leases reported on a balance sheet?
• What form must employers provide to employees by January 31 to report earnings and tax deductions?
• Who are referred to as Baby Boomers?
• Which of the following is true about the concept of allowable costs?
• Which theory suggests that employees expect their wages and benefits to reflect their work effort compared to their peers?
• What type of benefit typically includes paid vacation and health insurance?
• What is the cash basis of accounting primarily characterized by?
• What is meant by an "allowable charge" in healthcare reimbursement?
• What type of budget is adjusted to reflect actual census changes?
• In double-entry accounting, increases in which type of accounts are recorded as credits?
• What mechanism facilitates the purchase of goods or services by detailing quantities and prices needed by a buyer?
• EBITDAR is used primarily to assess which of the following?
• What does a global rating in a performance appraisal represent?
• What term describes the number of days' worth of revenue that is accounts receivable?
• What is a statement detailing the skills, education, and experience needed for a job?
• Which of the following processes involves planning for resources based on future conditions?
• What effect does writing off an account receivable have on bad debts expense?
• What does the 'quick ratio' assess?
• In the context of budgeting, which aspect is primarily the responsibility of the administrator?
• What does coaching in a workplace context involve?
• Which process involves defining a position based on required tasks and employee qualifications?
• What is a common fringe benefit provided to many nursing facility employees?
• What term refers to the payment model where providers can profit by maintaining costs under a set rate?
• Which of the following describes a benefit of a Managed Care Organization?
• What provides a summary of job expectations and requirements?
• What type of revenues are earned from the primary activities of a health care institution?
• What type of power of attorney remains in effect even if the person who created it becomes incompetent?
• What term refers to resources owned by a business that are measured in monetary terms?
• In the context of asset management, what does the term "depreciation" refer to?
• What are ancillary charges in the context of healthcare services?
• What is the purpose of summarizing unpaid balances in terms of age groups?
• What does the process of accounting primarily focus on?
• What is the purpose of the debt service coverage ratio?
• What is the approach called that uses a series of verbal and written warnings before taking action against an employee?
• What do Generally Accepted Accounting Principles (GAAP) ensure in financial reporting?
• Which financial statement is primarily used by not-for-profits instead of "owner's equity"?
• What type of debt is classified as liabilities due within one year on a balance sheet?
• What does amortization of debt refer to?
• What effect does the halo effect have on supervisors’ evaluations?
• What principle does accrual basis of accounting emphasize?
• What does a general ledger summarize?
• What is the role of a Mentor in a professional context?
• What tool sets financial expectations and objectives for an administrator to achieve?
• What concept suggests giving employees a sense of participation in the facility's goals?
• Who in a healthcare facility is primarily responsible for personnel functions and decisions?
• Which of the following best describes the discretion supervisors have in salary settings?
• What is charity care in healthcare contexts?
• What type of objectives focus on behaviors that can be learned and observed by supervisors?
• What is the significance of the Office of Inspector General (OIG)?
• What competitive strategy involves creating distinctive features to differentiate from competitors?
• The accounting equation is essential for understanding what aspect of a business?
• What is the grievance procedure designed for in an organization?
• Which of the following acts is NOT administered by the Equal Employment Opportunity Commission?
• What method involves establishing wage rates for jobs based on a comparison to a benchmark job?
• Which theory describes the relationship between an individual's motivation, expectations for outcomes, and the value placed on those outcomes?
• In corporate finance, what indicates the value of an investment in excess of the initial amount invested?
• What type of costs remain constant regardless of the number of patients treated?
• What does the term 'Bargaining Unit' refer to?
• Which term best describes the items held by a company for sale or use in production?
• Which financial statement specifically shows accounts receivable?
• Which type of revenues are incidental to main patient care activities in health care?
• What managerial behavior involves monitoring and correcting progress toward organizational goals?
• What does the Federal Mediation and Conciliation Service specialize in?
• In the context of accounting, which term refers to the projected expenses for small consumable items?
• Which professionals are classified as independent contractors by the IRS?
• What is the acid-test ratio used to measure?
• What is referred to as "Deemed Status" in healthcare?
• What concept revolves around the fair distribution of wages and benefits to motivate employees according to their needs?
• What is the primary purpose of on-the-job training?
• Which term refers to the goods and materials available for producing services or for resale?
• Which term refers to educational sessions provided to employees during their work career?
• What type of asset provides an economic benefit but lacks physical substance?
• What term refers to the inappropriate selection of a billing code that may lead to overpayment by a provider?
• Which type of organization provides comprehensive health care services on a prepayment basis?
• What is typically not withheld from payments to independent contractors by employers?
• What practice involves posting available jobs and encouraging employee applications?
• What is the term for a group of two or more jobs that have similar duties?
• Which financial document includes both assets and liabilities management?
• What is the term for the initial waiting period in a long-term care insurance plan during which services are not covered?
• What are allowable costs?
• What does a break-even point determine for a firm or program?
• Which human resources role typically assists with recruitment and employee performance evaluation?
• What term describes the clerical process of recording financial transactions?
• What is defined as a distribution of earnings to shareholders of a corporation?
• What are adjusting entries primarily used for?
• What purpose does an administrative information system serve?
• In financial terms, what does it mean to manage working capital?
• What is meant by the chart of accounts?
• What does the occupancy rate measure in a healthcare facility?
• What is the main purpose of double-entry rules in accounting?
• What formula is used to assess a company's profitability?
• What is the purpose of a Manpower Inventory?
• What process is used to explain discrepancies between a bank statement and an individual's record?
• What does a cash flow report present?
• How is working capital primarily affected?
• What type of insurance usually features low premiums and a specific payment amount upon the death of the insured?
• What term describes the income remaining to a company after taxes and dividends are paid?
• What accounting process involves transferring journal entries to accounts in the general ledger?
• What is meant by aging receivables in a business context?
• What do we call a payment made to a third party for assistance in a financial transaction, often deemed unethical?
• What reflects the beginning owner's equity, profit or loss, and ending owner's equity?
• What is the term for a financial institution's commitment to lend a specified maximum amount to a company?
• What term describes the practice of using predetermined rates to reimburse nursing facilities without adjusting for actual costs?
• What does the term 'equity' refer to in a for-profit corporation?
• What is the term for the movement of workers in and out of a facility’s recruiting area?
• At what age did experts predict Baby Boomers would start retiring?
• Which of the following is NOT a characteristic of Flexible Spending Accounts?
• What is the formula used to calculate the debt-to-assets ratio?
• Which term defines the difference between an employee's perceived rewards and the actual rewards received within the workplace?
• What term refers to the variation in pay allowed within a specific job grade?
• Which of the following entails understanding how wages and benefits affect employee motivation?
• Which accounting system records each transaction at least twice, ensuring the sum of debits equals the sum of credits?
• What are federal regulations termed that define compliant practices concerning anti-kickback laws?
• What does depreciation refer to in financial terms?
• Which type of cost changes directly with the number of patients?
• What is the significance of the General Journal in accounting?
• Which of the following is not a factor in determining wage rates?
• What does census refer to in a healthcare facility?
• What type of care is designed for individuals recovering from acute medical events?
• What metric indicates the number of days expenses could be paid using cash on hand?
• What analysis reviews job descriptions and essential activities for training needs?
• What are the defined avenues for upward mobility within an organization called?
• What distinguishes fraud from abuse in the context of services?
• Which type of lease is generally for a shorter term in duration?
• What term is used for the adverse impact on employment opportunities for individuals based on race, age, religion, marital status, sex, or national origin?
• Which term is synonymous with the evaluation of the salary and benefits of a job?
• What do you call recommendations from others for an individual to secure a position at a facility?
• What document summarizes a firm's assets, liabilities, and owner's equity at a particular date?
• What is the purpose of an income statement?
• What evaluation tool helps in assessing employee characteristics against a defined scale?
• What term refers to the establishment of salary grades and rates to ensure wage equity?
• What is the name of the 1987 publication that establishes standards for validation procedures used in employee selection?