ECONOMICS

COST ACCOUNTING

FINANCIAL TERMINOLOGY

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Not telling others about information which a business partner or client tells you.
A
Confidentiality
B
Consistency principle
C
Consolidation
D
Capitalization
Explanation: 

Detailed explanation-1: -Failure to protect and secure confidential information may not only lead to the loss of business or clients, but it also unlocks the danger of confidential information being misused to commit illegal activity such as fraud. A key element of confidentiality is that it helps build trust.

Detailed explanation-2: -There are a few situations that may require a therapist to break confidentiality: If the client may be an immediate danger to themself or another. If the client is endangering another who cannot protect themself, as in the case of a child, a person with a disability, or elder abuse.

Detailed explanation-3: -Most of the mandatory exceptions to confidentiality are well known and understood. They include reporting child, elder and dependent adult abuse, and the so-called “duty to protect.” However, there are other, lesserknown exceptions also required by law.

Detailed explanation-4: -Confidentiality in health and social care is essential because it helps patients and clients have confidence that they can share information, and this can be extremely important in ensuring they get the care they need.

There is 1 question to complete.