Wisconsin Nursing Home Administrators (NHA) Practice Exam

What information should be included about business entities in the IMD application?

1. The monthly profit statements

2. Their contact details and business strategies

3. The identities of all persons or business entities having any ownership interest in the building/land

4. Details of corporate social responsibility initiatives

The correct answer is: The identities of all persons or business entities having any ownership interest in the building/land

In the IMD application, it is essential to include information about the identities of all persons or business entities having any ownership interest in the building/land. This is crucial for transparency and regulatory purposes, as it helps in understanding the ownership structure and ensuring accountability within the healthcare facility. The other options are not directly related to the ownership structure of the building/land, which is a critical aspect of the IMD application. Monthly profit statements may be important for financial assessment but do not specifically address ownership information. Contact details and business strategies, as well as details of corporate social responsibility initiatives, are also relevant but not as crucial as disclosing ownership interests in the IMD application. Thus, option C is the most relevant and important information to be included regarding business entities in the IMD application.