Nurse Manager Exam #1: Financial Management
The Nurse Manager Financial Management exam is part of the four-part exam series for the Certified Nurse Manager and Leader examination which also consist of Human Resource Management exam; Performance Improvement exam; and Strategic Management and Technology exam. Do you want to improve your knowledge of financial management as a Nurse Manager? Take this prep quiz to boost your chances of getting a CNML certification.
- 1.
The financial statement that shows the balance of assets to liabilities is known as- A.
Balance sheet
- B.
Debtors side
- C.
Profit and loss account
- D.
Ledger
- 2.
Who has the following responsibility, Planning, Control and Decision-Making
- A.
Chief- financial officer
- B.
Manager
- C.
Staff
- D.
Procurement officer
- 3.
One of these is the formula for calculating average acuity
- A.
Old average all over new average
- B.
Percentage increase minus percentage decrease
- C.
Total work divided by total average daily census.
- D.
Total work done by percent
- 4.
Which of the following does budgeting provide a foundation for?
- A.
Cost overrun accountability
- B.
Expenditure control
- C.
Staffing expenditure control
- D.
Managing and evaluating financial performance
- 5.
On of the financial responsibility of a cost center is to
- A.
Control expenses
- B.
Buying of material
- C.
Preparation of budget
- D.
Auditing of acount
- 6.
Those who help to manufacture, distribution of all supplies and equipment use in healthcare organizations are called
- A.
Creditor
- B.
Suppliers
- C.
Workers
- D.
Machinery
- 7.
One of these is not a bases on which each organization conduct its business
- A.
Goal
- B.
Philosophy
- C.
Mission statement
- D.
Civilization
- 8.
The statement that reveals the mission of which an organization exists is
- A.
Localization
- B.
Availability
- C.
To do or be.
- D.
Efficiency of resources
- 9.
Those who use healthcare services are called
- A.
Lender
- B.
Consumers
- C.
Patronages
- D.
Patients
- 10.
One of these is an example of regulators
- A.
ECOWAS
- B.
The Trust Fund
- C.
OSHA and the Joint Commission.
- D.
UNICEF
Questions: 17 | Attempts: 12637 | Last updated: Mar 21, 2022
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