Which of the Following Statements Most Accurately Defines Administrative Data

question 64

Multiple Choice

Which of the following statements most accurately defines administrative data?

• A) basic identification and financial data routinely collected on every patient
• B) an ordered set of documents or a collection of data that contains a complete and accurate description of a patient's history, condition, diagnostic and therapeutic treatment, and the results of treatment
• C) raw facts and figures
• D) data collected and maintained related to the patient's health and course of treatment and care

Comprehend the powers and limitations of administrative agencies, including rulemaking, adjudication, and enforcement.

Understand the judicial review process for administrative agency decisions.

Identify the legal requirements for administrative rulemaking, including the notice and comment process.

Recognize the investigative and enforcement tools of administrative agencies.

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Definitions:

Impairment Losses

Financial losses recognized when an asset's carrying value exceeds its recoverable amount.

GAAP

Generally Accepted Accounting Principles (GAAP) are a framework of accounting standards, procedures, and rules used by accountants to prepare financial statements in the United States.

Long-lived Assets

Assets that provide economic benefit for more than one accounting period, typically including property, plant, and equipment.

Demolition

The process of tearing down or destroying a building or structure, usually in order to make way for new construction.