Which of the Following Statements Is Incorrect

question 26

Multiple Choice

Which of the following statements is incorrect?

• A) Partnerships have unlimited liability.
• B) Most sole proprietors raise money by borrowing from banks.
• C) An advantage of sole proprietorships is that the owner has complete control.
• D) S corporations are considered a hybrid organization.

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Definitions:

National Hospital Association

An organization that represents the interests of hospitals and health systems across a particular nation, focusing on policy advocacy, education, and best practices.

General Equivalence Mappings

A system used in healthcare to convert ICD-9 to ICD-10 coding, ensuring an accurate transition of medical data across different coding systems.

ICD-9-CM/PCS

International Classification of Diseases, 9th Revision, Clinical Modification/Procedure Coding System; a set of codes used for diagnosing and classifying diseases before being replaced by ICD-10.

ICD-10-CM/PCS

An international system used for the classification of diseases and related health problems; it stands for International Classification of Diseases, Tenth Revision, Clinical Modification/Procedure Coding System.