Identify the Correct Answer to the Following Statements

question 22

Multiple Choice

Identify the correct answer to the following statements.

-mandated by the Patient Self-Determination Act to be made available to patients

• A) living will or health care directive
• B) durable power of attorney for health care
• C) both

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Definitions:

Business Organization

The structure and form that a business takes to conduct operations, ranging from sole proprietorships to corporations.

Privately Held Corporation

A company whose ownership is private, meaning its stock is not traded on public stock exchanges and is held by a limited group of shareholders.

New York Stock Exchange

A marketplace where securities, including stocks and bonds, are bought and sold.

Closely Held

A business owned by a limited number of shareholders with no public market for its shares.