Match These Privacy Rule Definitions with the Correct Word or Phrase

question 39

Multiple Choice

Match these Privacy Rule definitions with the correct word or phrase.

-Title II

• A)Administrative Simplification
• B)Reasonable effort to limit PHI to only that which is necessary to accomplish intended purpose
• C)PHI that excludes direct identifiers for research purposes
• D)Written permission allowing disclosure of PHI for purposes other than TPO
• E)Permission granted to disclose PHI for purposes of TPO
• F)Persons with legal authority to act on behalf of minor children

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Definitions:

Sham Exchanges

Transactions that lack substance or economic purpose, often designed to create deceptive appearances or evade taxation.

Commercial Substance

Commercial substance is a concept that a transaction significantly changes the economic position or cash flows of a company, beyond the mere transfer of assets or obligations.

GAAP

Generally Accepted Accounting Principles, a standard framework of guidelines for financial accounting that includes the details, complexities, and legalities of business and corporate accounting.

Intangible Assets

Intangible assets are non-physical assets having a useful life greater than one year, such as patents, trademarks, and goodwill, that a company owns and can create economic benefit.