Compliance with the HITECH Act Is to Occur in Three

question 29

True/False

Compliance with the HITECH Act is to occur in three stages, and organizations can receive financial incentives for achieving compliance objectives by the designated dates.

---

Definitions:

Owner's Equity Account

Represents the amount of capital that the owner or owners of an entity have contributed, including profits retained in the business and personal withdrawals.

Supplies

Items used in the operation of a business or in the production of goods and services that are typically consumed within a short period.

Purchased

Acquisition of goods or services in exchange for money or its equivalent.

Required

Mandatory or necessary conditions or items specified for a particular purpose or activity.