Identify Which of the Following Statements Is True

question 34

Multiple Choice

Identify which of the following statements is true.

• A)Formation of a partnership requires legal documentation.
• B)An individual engaged in the active conduct of a business must elect not to be taxed as a partnership.
• C)A partnership exists as long as there are at least two individuals or entities engaged in the active conduct of a trade or business or a financial operation, and the business is not a trust or a corporation.
• D)All of the above are false.

---

Definitions:

Healthcare Professionals

Individuals involved in providing health care services, such as doctors, nurses, pharmacists, and therapists.

Electronic Health Record

Digital version of patients' paper charts, allowing real-time, patient-centered records accessible instantly and securely to authorized users in the healthcare system.

Electronic Medical Record

A digital version of a patient's paper chart, making health information available instantly and securely to authorized users.

HIPAA

The Health Insurance Portability and Accountability Act; a US law designed to provide privacy standards to protect patients' medical records and other health information.