NAB: Finance Exam Questions With Correct Answers A+
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Module
NAB
Institution
NAB
NAB: Finance Exam Questions With Correct
Answers A+
The administrator applies a discount (capitalization) rate to future payments(s), sometimes
known as the "discounted cash flow method" to estimate the fair market value of a potential
investment. He/she is calculating ______ value.
Select one...
NAB: Finance Exam Questions With Correct
Answers A+
The administrator applies a discount (capitalization) rate to future payments(s), sometimes
known as the "discounted cash flow method" to estimate the fair market value of a potential
investment. He/she is calculating ______ value.
Select one:
a. future
b. long range investment
c. present
d. relative - Answer✔c. present
The duty to have and to use the degree of knowledge and skill that is usually possessed and used
by competent, prudent health care providers in like or similar circumstances is the ______ which
nursing facilities are expected to meet.
Select one:
a. level of care
b. degree of care
c. standard of care
d. level of excellence - Answer✔c. standard of care
Journals are the ______ place that transactions are recorded; they are the books of ______.
Select one:
a. first original
b. main official records
c. primary final
One who makes an agreement with another person to perform a job, but remains in control of the
means and methods of performing the job and retains the right to terminate the contract is a(an)
______.
Select one:
a. sub-contractor
b. contractor
c. independent contractor
d. dependent contractor - Answer✔a. sub-contractor
Records of transactions that do not fit into any of the other journals go into ______.
Select one:
a. the general ledger
b. the general journal
c. the main financial statements
d. notes to financial statements - Answer✔b. the general journal
Nursing and physical therapy are normally thought of as _____ centers.
Select one:
a. cost
b. loss
c. revenue
d. break-even - Answer✔c. revenue
An accounting principle requiring the facility to correspond the revenues it earns in a given
period to the expenses it incurred during that same period is the ______.
Select one:
a. materiality principle
b. adequate disclosure principle
c. conservatism concept
d. matching principle - Answer✔d. matching principle
The facility has issued a debt obligation to pay a specific amount on a stated date. The facility
has issued ______.
2
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