If a Sole Proprietorship Fails,the Owner Is Not Liable for Its

question 46

True/False

If a sole proprietorship fails,the owner is not liable for its debts since the business is a separate legal entity.

Understand the purpose and components of the Uniform Hospital Discharge Data Set (UHDDS).

Grasp the principles behind the Diagnosis-Related Group (DRG) system including its calculation and application in healthcare reimbursement.

Identify post-operative complications and differentiate them from co-morbidities.

Know what clinical information is collected in UHDDS and recognize non-included data.

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Definitions:

Principal and Agent

A relationship where the principal grants authority to the agent to act on the principal’s behalf in dealing with third parties.

Insurance

A financial product offering protection against possible future losses or damages in exchange for premium payments.

Trusts

Legal arrangements where one person, the trustee, holds property for the benefit of another, the beneficiary, according to the terms of the trust document.

Customary Compensation

Refers to the typical or usual payment made for a service or to fulfill a contractual obligation.