A Covered Entity' That Fails to Implement the HIPAA Privacy

question 33

Multiple Choice

A covered entity' that fails to implement the HIPAA Privacy Rule would risk:

• A) $50O0 in fines.
• B) $5000 in fines and six months in prison.
• C) An annual cap of $5000 in fines.
• D) A fine of up to $50000 if they wrongfully disclose PHI.
• E) Six months in prison.

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Definitions:

Product Cost

The total costs associated with producing a product, including direct materials, direct labor, and manufacturing overhead.

Period Cost

Expenses incurred by a business that are not directly tied to the production process, such as marketing, administration, and sales costs, which are expensed in the period in which they occur.

Advertising Fees

Costs associated with promotional activities to market goods or services, including media buys, production of advertising materials, and related expenses.

Product Cost

The total cost associated with manufacturing a product, including direct materials, direct labor, and manufacturing overhead.