Covered Entities Were Required by Law to Conform to Version

question 6

Multiple Choice

Covered entities were required by law to conform to Version 5010,which replaced the HIPAA ASC X12 4010/4010A1 EDI transaction standard,as of

• A) May 23, 2011.
• B) January 1, 2012.
• C) December 31, 2012.
• D) June 30, 2012.

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Definitions:

Operating Efficiencies

A measure of how well a company utilizes its resources to produce goods and services, often reflecting in the reduction of costs and improvement in output.

Poison Pill

A strategy employed by companies to prevent or discourage hostile takeovers by making the company less attractive to the would-be acquirer.

Unfriendly Takeover

A takeover bid opposed by the management of the target company.

Stock Delisted

The removal of a company's stock from a stock exchange, meaning it can no longer be bought or sold through the exchange.