NAB Study Guide Questions and Answers 100% Pass

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Education and training programs. ✔✔To obtain more accurate cost estimates and more control over costs (participatory budget making process - others are more likely to consider the budget legit... imate). A change in which one of the following is not likely to be the cause of a budget variance? ✔✔The personal needs allowance. "Assets are always equal to the sum of liabilities plus owners' equity" is the basic concept in the organization of the: ✔✔Balance Sheet. The financial success or failure of a nursing facility is usually measured by its: ✔✔Return on Equity (net income - i.e., revenues in excess of expenses) and divides it by owners' equity). If a facility has a current ratio greater than 1, which of the following statements is most likely to be true? ✔✔It will be able to pay its bills on time (current ratio greater than 1 means that the organization's current assets exceed its current liabilities, and this indicates a good ability to pay short-term liabilities as they come in). [Show More]

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