The ____ Requires Employers to Use National Standards for Electronic

question 23

Multiple Choice

The ____ requires employers to use national standards for electronic healthcare transactions with insurers and healthcare providers,and requires that employers ensure the security and privacy of employee health data.

• A) Health Insurance Protection and Accountability Act (HIPAA)
• B) Health Insurance Portability and Accountability Act (HIPAA)
• C) Health Insurance Portability and Accuracy Act (HIPAA)
• D) Health Insurance Protection and Accuracy Act (HIPAA)

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Definitions:

Differentiated Product

A product that is distinct in some way from other products in the market, often through quality, design, or features, allowing it to stand out to consumers.

Collusion Methods

Strategies used by firms to set prices or output levels by agreement rather than through competition, often to maximize profits illegally or unethically.

Cartels

Coalitions of independent businesses formed to regulate production, pricing, and marketing of goods to maximize collective profits.

Price Leadership

A market situation where one or more dominant firms set the price of goods or services, and other firms in the industry follow suit.