N471 Final Module Questions And Answers Graded A+ 2024/25.
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Course
N471
Institution
N471
N471 Final Module Questions And Answers Graded A+ 2024/25.
What area do consumers value the most when seeking health care? - correct answer. High quality, low cost, and ability to meet patient outcomes
Health care is not only financed by private insurance, government funding, and p...
N471 Final Module Questions And Answers
Graded A+ 2024/25.
What area do consumers value the most when seeking health care? - correct answer.
High quality, low cost, and ability to meet patient outcomes
Health care is not only financed by private insurance, government funding, and private
donations but also by individual out-of-pocket expenses. - correct answer. True
Choose the four major reimbursement methods: - correct answer. Charge, Rate
based on services rendered, Flat-rate, Cost-based
A nurse manager is considering the use of critical pathways for a nursing unit. Which
statement regarding critical pathways is most accurate? - correct answer. They can be
used to monitor quality of care
A nurse manager is preparing a presentation to be delivered to a group of nurses in a
nursing unit about the current U.S. healthcare system. Which statement about resource
utilization is most accurate? - correct answer. The health care resources that are
available in the United States are not used cost-effectively.
A nurse manager is considering the reasons for the current problems with the
healthcare system. Which are negative consequences of higher spending in health
care? (Select all that apply.) - correct answer. Higher spending may result in
duplication of services.
Higher spending may result in overuse of technology.
Higher spending may result in overutilization of services
A new nurse manager is learning about fiscal planning. Which are barriers for nurse
managers' participation in fiscal planning? (Select all that apply.) - correct answer.
Nursing education lacks preparation in fiscal planning.
Many nurses perceive that fiscal planning is difficult.
A nurse manager is considering how to gain more staff involvement in meeting
budgetary goals. Which activity is most likely to result in staff understanding and
, participating in budgetary goals? - correct answer. Communicating budgetary planning
goals to staff
operational budgets are financial plans for the entire organization day-to-day operations.
This type of budget includes which of the following? - correct answer. Payroll,
supplies, and expenses
The nurse leader does not need to be concerned with the budgeting process steps. -
correct answer. False
Nurse leaders can use the nursing process to develop a budget for their unit or
department. - correct answer. True
What is the term for the notion that a person with the most direct control or influence on
financial elements such as revenues, expenses, assets, and liabilities should be held
accountable for them? - correct answer. Responsibility accounting
A nurse manager is reviewing the budget for the nursing unit. Which budget covers the
expenditures for the unit's workforce? - correct answer. Personnel
A nurse manager is considering revising the budget cycle for the nursing unit. Which
budget cycle has the greatest probability for error? - correct answer. Planning for the
distant future
A nursing manager is considering the budget for a nursing unit as compared with the
overall institutional budget. Which is the most negative outcome of multiple nursing units
"padding" or inflating their department budgets to cushion against administrative cuts? -
correct answer. The entire institution's budget may be ineffective.
A nurse manager is preparing the annual budget for the coming fiscal year, and is
considering what the goal is of using the allocated funds. What stage of the budgetary
process is this? - correct answer. Diagnosis
A nurse manager is evaluating the current fiscal year budget. Which statement
regarding the evaluation stage of the budgetary process is most accurate? - correct
answer. Large variations from the projected budget must be examined.
Health care reimbursement affects both the operational budget and the departmental
budget. - correct answer. True
Which of the following are factors that affect the ability to forecast the budget? SATA -
correct answer. Mission and philosophy of the organization
Political culture
Economics
Social climate
Legislative climate
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