Select the Best Statement Regarding the Definition of a Business

question 93

Multiple Choice

Select the best statement regarding the definition of a business associate of a covered entity. A business associate is:

• A) A person who acts on behalf of a non-covered entity.
• B) A person whose function may involve claims processing, administration, data analysis or practice management with access to PHI.
• C) A person who is a member of the covered entity's workforce.
• D) A clearinghouse.
• E) A person that performs or assists in the performance of a function or activity that involves the use or disclosure of de-identified health information.

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Definitions:

Dividend-payout Policy

A company's approach to distributing earnings to its shareholders, either in the form of cash dividends or stock repurchases.

Marginal Tax Bracket

The tax rate that applies to the last dollar of the taxpayer's income, indicating the rate at which additional income will be taxed.

After-tax Return

The profit from an investment after all taxes have been subtracted, indicating the net gain to the investor.

Time Horizons

The length of time over which an investment is expected to be held before it is liquidated, ranging from short-term to long-term periods.