NAB Exam- 2023 with 100% correct answers

A line authority position is characterized by Decision making vested in the supervisor An example of line authority is Administrator Major schools of thought regarding source of authority are formal and subordinate acceptance The scope of authority in the operation of the nursing facility is greatest at which level Ownership Ultimate authority in a private corporate nursing facility is with the Board of directors Managerial authority is power to command, issue orders or exact action by subordinates Decentralized authority is characterized by process of delegating authority Centralized authority is vesting decision making in top managment Authority vested in a supervisory nurse is middle management authority Decision making authority is when a supervisor hires, fires and makes judgmental decisions Concepts of modern management recommend that an effective administrator will delegate operational authority Unity of command refers to reporting to one supervisor Which of the following forms of business is considered the oldest form of business sole proprietorship The term proprietorship as it relates to the nursing facility industry means privately owned The majority of nursing facility beds in the united states are owned by corporations Which of the following forms of ownership must have articles drawn up and reduced to writing? corporation Under which form of ownership would the administrator have the greatest latitude of authority and decision making? Sole proprietorship All but one are considered advantages of sole proprietorship Unlimited liability All but one are considered disadvantages of a partnership Retention of valuable employees A corporation is a legal entity created by law to carry on a business or profession Which one of the following forms of business ownership is considered the most important? Corporation