Question

1. High pricing is sometimes used to create a top-of-the-line image in private-pay markets, especially for assist living.

True

False

2. Travel time to and from the long-term care facility imposes a(n) ________ on family members.

		direct cost
		psychological cost
		opportunity cost
		social cost

3. What is essential for the implementation of evidence-based protocols?

		Staff training
		Expert consultation
		Resident and family empowerment
		Ongoing research

4. Since OBRA legislation, quality of skilled nursing care has shown significant improvement in response to the enforcement of regulatory standards, including the star rating system on Medicare.gov/NursingHomeCompare.

True

False

5. ________ is called financial planning

		Budgeting
		Financial accounting
		Resource allocation
		Managerial accounting

Answer 1

1. True : because high pricing create an brand image in mind of customers and as we all know brand represent the quality of facilities so who can afford to pay by slightly more effort will also pay that hight price inclunding the rich ones, obviously everyone wants to get good quality and branded facilities

2. Travel time to and from the long term care facility impose direct cost and psychological cost on family members.

Reason : because in most developing countries family pays for all travel costs and moat treatment cost too, and also in developed countries only some are paid travel costs which is very small ratio while others have to pay for travel costs from themselves.

Psychological cost due to long term of care amd visiting the care facility again and agin with hope to ensure everything well

3. Staff training is essential for the implementation of evidence based protocol but an expert consultation is also need for the guidance as to lead the systemic way. ​​​​​​

Reason : because all the documentation, coding, protocol codimg and implementation of the guidance issued by consultant is dome by nursing staff

4. True : because OBRA legislation focuses on uniform standard for all nursing home and ensures quality of medical facilities provided to the patients

5.Budgeting is called financial planning

Reason : budgeting consider short term management of money and if we start thinking about long term management of money we have is called financial planning.