The Minimum Data Set (MDS)is Designed To

question 1

Multiple Choice

The Minimum Data Set (MDS) is designed to:

• A)Gather extensive and consistent measures of resident status and progress
• B)Minimize the amount of effort required to assess residents and their families
• C)Ensure that a single discipline completes the initial assessment of a resident
• D)Reduce paperwork and reimbursement for new nursing home admissions

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Definitions:

Prepaid Expense

Expenses paid in advance and recorded as assets before they are used or consumed.

Consumed

Consumed refers to the portion of resources, goods, or services that have been used up in the process of generating revenue.

Accounting Period

A specific period of time covered by financial statements, usually encompassing a fiscal quarter or year.

Contra Account

An account used in accounting to record reductions of related accounts, which has a balance opposite to the normal balance of the related account.