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NEW QUESTION: 1
Which is not true about HIPAA?
A. Regulates the use and disclosure of patient information.
B. Prevents healthcare fraud and abuse.
C. Helps insure patient privacy.
D. Helps to decrease the rate of errors in pharmacy.
Answer: D

NEW QUESTION: 2
The corporate veil is most likely to be pierced and the shareholders held personally liable if:
A. The corporation has elected S corporation status under the Internal Revenue Code.
B. A partnership incorporates its business solely to limit the liability of its partners.
C. The shareholders have commingled their personal funds with those of the corporation.
D. An ultra vires act has been committed.
Answer: C
Explanation:
Choice "b" is correct. Generally, a corporation is treated as an entity distinct from its shareholders and
shareholders are not liable for the corporation's debts. However, where the shareholders do not treat the
corporation as a distinct entity, such as where they commingle their personal funds with the corporation's
funds, courts are likely to ignore the corporate form as well. Choice "a" is incorrect. An election to be taxed
like a partnership under Subchapter S is not grounds to pierce the corporate veil. Choice "c" is incorrect.
An ultra vires act is one beyond the corporation's powers. The persons who authorized the ultra vires act
can be held personally liable for damages caused, but it is not a ground for piercing the corporate veil.
Choice "d" is incorrect. Limiting personal liability is the main reason to incorporate. It is a ground for
piercing the corporate veil only if it is done fraudulently (i.e., to avoid paying present creditors).

NEW QUESTION: 3
A company wants its employee to use an email client that downloads and removes messages from the email server. Which of the following protocols must be configured in the email client to facilitate this?
A. SMTP
B. POP3
C. IMAP
D. ICMP
Answer: B

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