If an Individual Forms a Sole Proprietorship, Which Nontax Factor

question 47

Multiple Choice

If an individual forms a sole proprietorship, which nontax factor will be of greatest benefit to the sole proprietor?

• A) Liability protection.
• B) Legal flexibility in defining rights and responsibilities of owners.
• C) Facilitates initial public offerings.
• D) Minimal time and cost to organize.

Identify the principles of the Health Insurance Portability and Accountability Act (HIPAA) and common violations.

Understand the application of the Patient Self Determination Act in patient admissions.

Recognize the importance and requirements of state licensure laws in health care practice.

Define what constitutes a law within the health care sector.

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Definitions:

Government Enactments

Laws, regulations, or legal provisions that have been officially passed or approved by a governmental body.

Legislative Branch

The branch of government responsible for making laws, often composed of a parliament or a similar legislative body.

Charter Rights

Rights and freedoms that are guaranteed under the Canadian Charter of Rights and Freedoms, including freedom of expression, right to a fair trial, and protection against discrimination.

Legal Excuse

A legally valid justification for an act that would otherwise be considered illegal, relieving the actor from liability.