Identify Each of the Following Statements as Ethical or Unethical

question 23

Multiple Choice

Identify each of the following statements as ethical or unethical.Base your answers on the principles of medical ethics.

-A provider consults with another provider regarding the patient's condition without the patient's knowledge.

• A) ethical
• B) unethical

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Definitions:

More-Than-50% Business-Use Test

A criterion used for determining whether an asset is used primarily for business, requiring that over 50% of its use is for business to qualify for certain tax deductions.

Listed Property

Assets specified by the IRS that are subject to specific record-keeping and substantiation requirements, such as vehicles and computers used for business.

Business Bad Debt

Debt associated with the conduct of a trade or business that becomes worthless or uncollectible during the tax year.

Short-Term Capital Loss

A loss realized on the sale or exchange of a capital asset held for one year or less.