NU 412 Final Exam Questions And 100% Correct Answers
1. Plan and identify priorities
2. Finish high-priority work
3. Re-prioritize after receiving new information - ANSWER Time Management Steps
1. Time estimate
2. Putting it down in writing
3. Activity prioritization
4. Learn to do a task faster
5. Task organization
6. Apply time estimates
7. Document as soon as possible
8. Aim to finish the workday at the right time
9. Take breaks
10. Delegation
11. Organization with the team
12. Effective meetings- ANSWER Effective time management strategies
Time Profiles - ANSWER Where do I waste time? When is my high energy time?
1. Whatever comes first
2. Path of least resistance
3. Squeaky wheel
4. Managing by default
5. Waiting for inspiration/motivation - ANSWER 5 Priority setting traps
,1. Coordinate actions/giving information
2. To motivate the team
3. To discuss a problem
4. To decide - ANSWER The purposes of an effective meeting
1. Socializing
2. Procrastination
3. Time wasters (telephone interruptions, personal phone calls, trying to do too much,
visitors, not being able to say "no", paperwork, lack of staff, poor communication,
technology) - ANSWER Barriers to effective time management
1. Don't be too accessible
2. Interfere
3. Don't encourage socializing
4. Be concise
5. Schedule long-winded people - ANSWER How to minimize time wasters
Cost containment - ANSWER Being frugal, good stewards, efficient, effectively
delivering service while generating needed revenue
Cost effective - ANSWER The product is worth the price, people are willing to pay for the
service
Responsibility accounting - ANSWER Each of an organization's revenue are someone's
responsibility
Forecasting - ANSWER Budget estimate by using historical data
,Budget - ANSWER An estimate of expenses for a stated future plan
1. Fixed
2. Variable
3. Controllable
4. Uncontrollable - ANSWER Types of expenses
Fixed - ANSWER Expenses that are the same from month to month
Variable - ANSWER Expenses that vary from one month to another
Controllable - ANSWER Expenses that are within the manager's control
Uncontrollable - ANSWER Expenses that are outside the manager's control-treatment of
massive trauma
1. Determine what must be covered
2. Diagnosis
3. Plan of action
4. Implementation
5. Evaluation - ANSWER The Budget Process
1. Labour
2. Operational
3. Capital - ANSWER Types of Budgets
Personell - ANSWER Pays staff, techs, secretary, nurses, case manager, use
predetermined standards for staffing
, NCH/PPD - ANSWER Personnel budget is usually based on what?
Operation Budget - ANSWER Expenses need to pay for day to day operation
(consumable supplies)
Budget Capital - ANSWER Expensive things you reuse (lifelong- like equipment)
1. Incremental/Percentage increase
2. Zero-based budgeting - ANSWER Budgeting methods
Incremental/Percentage increase - ANSWER Look at budget from last year and inflate it
a little bit and that is the budget for the current year
Zero-Based Budgeting - ANSWER Budgeting method that starts all over from scratch
and doesn't use any previous budget
Decision Package - ANSWER Used to help when using the zero-based budgeting
Hospital - ANSWER Medicare A
Outpatient - ANSWER Medicare B
Allows for increased choices in managed care plans - ANSWER Medicare C
Prescription drug coverage - ANSWER Medicare D
Diagnostic related groups - ANSWER Predetermined payment schedules that reflect
historical costs for treatment of specific patient conditions
1. Plan and identify priorities
2. Finish high-priority work
3. Re-prioritize after receiving new information - ANSWER Time Management Steps
1. Time estimate
2. Putting it down in writing
3. Activity prioritization
4. Learn to do a task faster
5. Task organization
6. Apply time estimates
7. Document as soon as possible
8. Aim to finish the workday at the right time
9. Take breaks
10. Delegation
11. Organization with the team
12. Effective meetings- ANSWER Effective time management strategies
Time Profiles - ANSWER Where do I waste time? When is my high energy time?
1. Whatever comes first
2. Path of least resistance
3. Squeaky wheel
4. Managing by default
5. Waiting for inspiration/motivation - ANSWER 5 Priority setting traps
,1. Coordinate actions/giving information
2. To motivate the team
3. To discuss a problem
4. To decide - ANSWER The purposes of an effective meeting
1. Socializing
2. Procrastination
3. Time wasters (telephone interruptions, personal phone calls, trying to do too much,
visitors, not being able to say "no", paperwork, lack of staff, poor communication,
technology) - ANSWER Barriers to effective time management
1. Don't be too accessible
2. Interfere
3. Don't encourage socializing
4. Be concise
5. Schedule long-winded people - ANSWER How to minimize time wasters
Cost containment - ANSWER Being frugal, good stewards, efficient, effectively
delivering service while generating needed revenue
Cost effective - ANSWER The product is worth the price, people are willing to pay for the
service
Responsibility accounting - ANSWER Each of an organization's revenue are someone's
responsibility
Forecasting - ANSWER Budget estimate by using historical data
,Budget - ANSWER An estimate of expenses for a stated future plan
1. Fixed
2. Variable
3. Controllable
4. Uncontrollable - ANSWER Types of expenses
Fixed - ANSWER Expenses that are the same from month to month
Variable - ANSWER Expenses that vary from one month to another
Controllable - ANSWER Expenses that are within the manager's control
Uncontrollable - ANSWER Expenses that are outside the manager's control-treatment of
massive trauma
1. Determine what must be covered
2. Diagnosis
3. Plan of action
4. Implementation
5. Evaluation - ANSWER The Budget Process
1. Labour
2. Operational
3. Capital - ANSWER Types of Budgets
Personell - ANSWER Pays staff, techs, secretary, nurses, case manager, use
predetermined standards for staffing
, NCH/PPD - ANSWER Personnel budget is usually based on what?
Operation Budget - ANSWER Expenses need to pay for day to day operation
(consumable supplies)
Budget Capital - ANSWER Expensive things you reuse (lifelong- like equipment)
1. Incremental/Percentage increase
2. Zero-based budgeting - ANSWER Budgeting methods
Incremental/Percentage increase - ANSWER Look at budget from last year and inflate it
a little bit and that is the budget for the current year
Zero-Based Budgeting - ANSWER Budgeting method that starts all over from scratch
and doesn't use any previous budget
Decision Package - ANSWER Used to help when using the zero-based budgeting
Hospital - ANSWER Medicare A
Outpatient - ANSWER Medicare B
Allows for increased choices in managed care plans - ANSWER Medicare C
Prescription drug coverage - ANSWER Medicare D
Diagnostic related groups - ANSWER Predetermined payment schedules that reflect
historical costs for treatment of specific patient conditions
