Nurse Manager Exam #1: Financial Management

10 Questions | Total Attempts: 289

SettingsSettingsSettings
Nurse Manager Exam #1: Financial Management - Quiz

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.


Questions and Answers
  • 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

Back to Top Back to top