HESI Nursing Executive Practice Tests & Test Prep by Exam Edge - Review

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HESI Nursing Executive - Reviews

Excellent

Based on 125 reviews

Jill

"Thank you for the exceptional HESI tests! I failed the HESI several times before I discovered your website. I took all your practice tests and this time I passed!!!"

Sharon

"I just took my Hesi exit PN today and got a Hesi score of 1205 and a conversion score of 99.99%. Thanks for the help. Doing all those tests helped so much. Not because I saw the same questions but because I learned so much from the answer reasoning section. Hope to fly through my boards in a couple weeks. Thanks again, it was money well spent."

Welsh

"I recently had to test out of my school with an 850 on the Hesi PN, so I punched the exams from you guys about 5 to 7 exams and passed the exit HesiPn with an 988! First time around! Then I punched the NclexPN exam tests from you guys and I passed my nclex first time around! These test really helped me to study well, I am a slow learner and still yet, was able to pass! I highly recommend you purchase the tests! It will totally be worth your money! Thank you so much,"

DIANA

"I want to thank you... the tests are really helpful. I took it three times and after using your exams I finally passed it. The tests helped me specially on math section, which I got 90. "

Juliet M.

"I can't believe this website has no high following status. I bought 40 practice questions, and I did 20 practice questions and took my Hesi exit. I scored 1070. I completed all 40 practice exams and passed my boards for the first time. Exam Edge introduced me to a bunch of topics and boosted my confidence. They're rationales are so brief and straight to the point. They're not overwhelming. Thank you, Exam Edge team"

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HESI Nursing Executive - Test Reviews Sample Questions

The following equation helps find ______. Actual expense / Budget expense X 100 percent

Correct Answer:

variance.

the equation "actual expense / budget expense x 100 percent" is used to calculate variance. variance, in financial and accounting terms, is a measure of the difference between planned financial outcomes and the actual financial outcomes. this metric is crucial for budget management and financial analysis as it helps in understanding how well a budget has been adhered to and where financial adjustments may be necessary.

variance is typically expressed as a percentage to provide a clear and standardized method of comparing the actual financial performance against the budgeted or forecasted amounts. for instance, if a department had a budget to spend $100,000 but actually spent $110,000, the variance calculation would be ($110,000 / $100,000) x 100 percent = 110%. this outcome indicates a variance of +10%, signifying an overspend compared to the budget.

different factors can affect the variance. these factors include changes in market conditions, pricing fluctuations, operational inefficiencies, or unexpected expenses. analyzing these variances can provide valuable insights into how budgets are managed and where improvements can be made.

experience plays a significant role in managing and minimizing variances. with experience, managers learn to forecast more accurately, plan for contingencies, and adjust budgets more dynamically to align with changing business conditions. by closely monitoring these variances, businesses can make more informed decisions to ensure financial stability and efficiency.

in summary, variance analysis is a fundamental aspect of financial management that helps organizations track their financial performance, understand the effectiveness of their budgeting process, and make necessary adjustments to align with their financial goals.

The revenue cycle of a healthcare facility would be best described as which of the following?

correct answer:
the stage from when the patient is seen to the time the facility receives full payment for the services
rendered to the patient.

a healthcare facility would be classified as a service based business. from the time the patient is seen
in the physicians office or hospital until the time that the full payment has been made, it would be
considered a revenue cycle.

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