Which One of the Following Items Is Not Considered a Part

question 3

Multiple Choice

Which one of the following items is not considered a part of the cost of a truck purchased for business use?

• A) Sales tax
• B) Truck license
• C) Freight charges
• D) Cost of lettering on side of truck

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Definitions:

Reimbursement

To pay back or compensate for money spent, or losses or damages incurred; payment for provider services (from insurance company).

Compensation

Anything given as an equivalent or to make amends; pay.

Insurance Company

A financial institution that provides risk management through the mechanism of insurance contracts, covering various types of risks including health, property, and life.

HIPAA Compliance Officer

A designated individual responsible for overseeing the implementation of HIPAA regulations and ensuring an organization's compliance with patient privacy and security laws.