A Comparison of Bookkeeping and Accounting Indicates That

question 33

Multiple Choice

A comparison of bookkeeping and accounting indicates that

• A) the two are virtually the same in practice.
• B) bookkeeping involves recording financial information, while accounting is concerned with classifying, summarizing, and interpreting this information.
• C) bookkeeping is more useful for small businesses while accounting is more useful for large businesses.
• D) accounting is a subsystem of the process of bookkeeping.

Understand the application of the Patient Self Determination Act in patient admissions.

Recognize the importance and requirements of state licensure laws in health care practice.

Define what constitutes a law within the health care sector.

Interpret the role of various regulatory bodies in the formation and enforcement of health care laws.

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Definitions:

Negligent

Failing to take proper care in doing something, resulting in damage or harm to another party.

Automobile

A wheeled motor vehicle used for transportation, typically fueled by gasoline, diesel, or electricity.

Negligence

The failure to exercise the care that a reasonably prudent person would exercise in like circumstances, leading to unintended harm or damage.

Unusual Circumstances

Situations that are not common or expected and often require special consideration or handling.