Jeff Owns a Health Care Company That Sells Medical Supplies

question 4

Multiple Choice

Jeff owns a health care company that sells medical supplies. The company bills health insurance companies for their customers. They are required by the insurance companies to complete paperwork that includes personal and health information. What type of regulated data does Jeff's company need to secure?

• A) PII
• B) PHI
• C) PCI
• D) GDPR

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Definitions:

Direct Labor Hours

The total hours worked by employees directly involved in manufacturing a product or delivering a service.

Materials Price Variance

The difference between the actual cost of materials and the expected (standard) cost, used to evaluate budgeting efficiency.

Materials Quantity Variance

The difference between the actual quantity of materials used in production and the standard amount expected, multiplied by the standard cost.

Total Materials Variance

The difference between the actual cost of materials used in production and their standard cost, reflecting efficiency or inefficiency.