HIPAA Was Established in 1996 to Set Standards Related to Sharing

question 10

Multiple Choice

HIPAA was established in 1996 to set standards related to sharing confidential health history information about patients. What does the letter "P" stand for?

• A) Privacy
• B) Portability
• C) Patient
• D) Protection

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Definitions:

Book Value

The net value of a company's assets found on its balance sheet, calculated as total assets minus intangible assets (patents, goodwill) and liabilities.

Net Income

The amount of profit left after all expenses, taxes, and costs have been subtracted from total revenue.

Corporate Tax Rate

The share of a business's profits that is remitted to the government as taxation.

Variable Costs

Costs that vary in relation to a company's operational activities, like labor and material expenditures.