Which of the Following Statements Regarding a Patient's Medical Record

question 9

Multiple Choice

Which of the following statements regarding a patient's medical record is incorrect?

• A)Accuracy in documentation is not as important as the care that is provided
• B)Every patient visit is documented
• C)Documentation is done by many health care professionals
• D)It can be used in a court of law
• E)It is a legal document

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Definitions:

Equivalent Annual Cost

A financial analysis approach to compare the cost-effectiveness of different assets with differing lifespans by calculating their annual costs.

CCA Class

In Canada, Capital Cost Allowance Classes refer to categories under which business assets are placed for the purpose of depreciation calculation for tax purposes.

Maintenance Costs

Expenses incurred to keep an asset in good working condition or to repair it so it continues to operate effectively.

Net Present Value

The difference between the present value of cash inflows and the present value of cash outflows over a period of time, used in capital budgeting to analyze the profitability of an investment.