Which of the following acts stipulates that employers cannot use "protected health information" in making employment decisions without prior consent?
A. The Health Insurance Portability and Accountability Act
B. The Federal Information Security Management Act
C. The Personal Information and Health Documents Act
D. The Personal Information Protection and Electronic Documents Act
Answer: A
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Which of the following is true of a partner's right to compensation?
A. Compensation is never presumed to be the partner's share of the profits. B. The partners may agree that one or more of them is to be paid a salary in addition to sharing in profits. C. The partners may not agree that one or more of them is to be paid a salary, which will not be deducted at the end of the year from his or her profits. D. A partner is always entitled to salary or wages.
Which of the following companies has a product-oriented business definition?
A) A luxury hotel, whose business definition is: "We sell out-of-the-world experiences to our guests." B) A real estate company, whose business definition is: "We sell dreams." C) A cosmetic company, whose business definition is: "We offer hopes and self-expression." D) A shoe manufacturer, whose business definition is: "We manufacture affordable and long-lasting shoes for all." E) A high-technology company, whose business definition is: "We sell inspirations."
In a competitive market, prices can be reduced to gain market share by displacing the sales of competing companies
Indicate whether the statement is true or false
When using an activity-based costing system in service companies, the allocation of indirect costs to the cost object is the last step of the process
Indicate whether the statement is true or false