The HITECH Act Expands the Privacy Provisions of HIPAA to Include

question 73

Multiple Choice

The HITECH Act expands the privacy provisions of HIPAA to include:

• A) corporate owners of covered entities.
• B) business associates of covered entities.
• C) friends and family of providers.
• D) friends and family of patients.

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Definitions:

Economic Profits

The difference between a firm's total revenue and all costs, including both explicit and implicit costs, representing the excess over the opportunity cost.

Monopoly

A market structure characterized by a single seller, selling a unique product in the market. In a monopoly market, the seller faces no competition, as he is the sole seller of goods with no close substitute.

Competitive

Pertaining to a market condition where multiple sellers are vying for the attention and business of buyers, often leading to better quality and prices.

Average Total Costs

The sum of all production expenses (both fixed and variable) divided by the total quantity of units created.