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NAB STUDY GUIDE QUESTIONS 100% CORRECT ANSWERS | ESTUDY LATEST, ALL ANSWERED 100% $12.99   Add to cart

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NAB STUDY GUIDE QUESTIONS 100% CORRECT ANSWERS | ESTUDY LATEST, ALL ANSWERED 100%

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  • NAB with CORE
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NAB STUDY GUIDE QUESTIONS 100% CORRECT ANSWERS | ESTUDY LATEST, ALL ANSWERED 100%

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  • November 13, 2024
  • 27
  • 2024/2025
  • Exam (elaborations)
  • Unknown
  • NAB with CORE
  • NAB with CORE
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Estudyr
ESTUDY



NAB STUDY GUIDE QUESTIONS 100% CORRECT
ANSWERS | ESTUDY LATEST, ALL ANSWERED 100%

**1. What is the purpose of education and training programs in budgeting?**

A. To reduce employee turnover

B. To obtain more accurate cost estimates and better control over costs

C. To enhance patient care

D. To increase funding from external sources



**- ANSWER: B. To obtain more accurate cost estimates and better control over costs**



---



**2. Which of the following is least likely to cause a budget variance?**

A. Changes in salary expenses

B. Variations in utility costs

C. The personal needs allowance

D. Unexpected maintenance expenses



**- ANSWER: C. The personal needs allowance**



---



**3. The statement "Assets are always equal to the sum of liabilities plus owners' equity" pertains to
which financial statement?**

,ESTUDY


A. Income Statement

B. Cash Flow Statement

C. Balance Sheet

D. Statement of Changes in Equity



**- ANSWER: C. Balance Sheet**



---



**4. The financial success or failure of a nursing facility is typically assessed by its:**

A. Total revenue

B. Return on Equity (net income divided by owners' equity)

C. Cash flow from operations

D. Total liabilities



**- ANSWER: B. Return on Equity (net income divided by owners' equity)**



---



**5. If a facility has a current ratio greater than 1, what can be inferred?**

A. It is generating profits

B. It will be able to pay its bills on time

C. It has high levels of debt

D. It is facing bankruptcy

, ESTUDY


**- ANSWER: B. It will be able to pay its bills on time**



---



**6. A check should generally be issued only when which of the following is available?**

A. Receipt of goods

B. Purchase Order

C. Invoice from vendor

D. Approval from management



**- ANSWER: B. Purchase Order**



---



**7. The importance of matching revenue with expenses is the reason for recording which of the
following?**

A. Accounts Payable

B. Depreciation

C. Inventory

D. Accounts Receivable



**- ANSWER: B. Depreciation**



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