Potential Drawbacks of Entrepreneurship May Include ________

question 9

Multiple Choice

Potential drawbacks of entrepreneurship may include ________.

• A)uncertainty of income, risk, long hours, and high stress
• B)uncertainty of income, risk, easy hours, and frequent vacations
• C)uncertainty of income, risk, long hours, and the immediate accumulation of wealth
• D)certainty of income, risk, long hours, and high stress

Know the penalties and exceptions associated with HIPAA violations.

Explain the requirements and expectations of counselors under HIPAA.

Understand the roles and rights established by FERPA for students and educational institutions.

Distinguish between healthcare and educational disclosures under emergency conditions.

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Definitions:

Capital Gain

The profit earned from the sale of an asset when the selling price exceeds its purchase price.

Book Value

The net asset value of a company, calculated as total assets minus intangible assets (patents, goodwill) and liabilities.

Income Taxes

Taxes on an individual's or corporation's income imposed by the government.

Modified Accelerated Cost Recovery System (MACRS)

The system of accelerated depreciation allowed for federal tax computations.