Which of the Following Is a Difference Between Second-Party Data

question 20

Multiple Choice

Which of the following is a difference between second-party data and third-party data?

• A) Second-party data are obtained from individuals or entities that are related to the subject, whereas third-party data are obtained from entities that maintain records regarding the subject.
• B) The advantage of second-party data is that it can be obtained independently by the forensic accountant, whereas the advantage of third-party data is that it is outside the subject's ability to manipulate.
• C) Second-party data falls under the realm of primary research, whereas third-party data falls under the realm of secondary research.
• D) Second-party data might require more time to obtain, whereas third-party data are readily available to the forensic accountant.

Grasp the importance of community and stakeholder involvement in health planning and evaluation.

Understand the key provisions of the Patient Protection and Affordable Care Act.

Identify the impact of the Patient Protection and Affordable Care Act on insurance coverage requirements.

Recognize the effects of the Patient Protection and Affordable Care Act on pre-existing condition coverage.

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Definitions:

Investments

Resources such as money put into buying financial instruments or other assets to gain profitable returns in the form of income, interest, or appreciation of value.

Accounts Payable

An accounting entry that represents a company's obligation to pay off a short-term debt to its creditors or suppliers.

Prepaid Expenses

Expenses paid in advance for goods or services to be received in the future, recorded as assets until they are consumed or the service is provided.

Supplies

One type of asset acquired by a firm; it has a much shorter life than equipment.