1. A nurse manager is reviewing the budget for the upcoming fiscal year. If the unit's budget is $1.2 million and the projected patient days are 10,000, what is the budgeted cost per patient day? - A. $120 - B. $12 - C. $1.2 - D. $1200 Answer: B. $12 Rationale: The cost per patient day is calculated by dividing the total budget by the projected patient days ($1.2 million / 10,000 days = $120 per day). 2. During a clinical trial, a new drug was found to be 20% more effective than the current standard medication. If the standard medication has a success rate of 50%, what is the success rate of the new drug? - A. 60% - B. 70% - C. 75% - D. 80% Answer: B. 70% Rationale: A 20% increase on a 50% success rate is an additional 10% (20% of 50), making the new drug's success rate 70%. 3. A hospital is trying to reduce its readmission rates. If the current readmission rate is 15% and the hospital aims to reduce this by one-third, what is the new target readmission rate? - A. 5% - B. 10% - C. 12% - D. 15% Answer: B. 10% Rationale: One-third of 15% is 5%, so reducing the rate by this amount results in a new target of 10%. 4. A nursing home has an annual turnover rate of 25%. If there are 120 staff members at the beginning of the year, how many staff members, on average, will leave during the year?