A Physician,practitioner,facility,or Supplier with Fewer Than 10 Full-Time Equivalent Employees

question 29

Multiple Choice

A physician,practitioner,facility,or supplier with fewer than 10 full-time equivalent employees can be considered a/an:

• A) exempt source.
• B) healthcare contributor.
• C) small provider of services.
• D) medical mandate.

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Definitions:

Limited Liability Company

A business structure in the United States that provides its owners with limited liability while allowing them to enjoy the tax and operational flexibility of a partnership.

Business Organizations

Formal entities set up for the purpose of conducting trade or providing services, following a particular operating structure and goals.

Partnership

A legal form of business operation between two or more individuals who share management and profits.

Corporation

A legal entity that is separate from its owners, offering limited liability to its shareholders, and is capable of entering contracts, suing and being sued.