Chapter 1 mod 4 Flashcards
What is the primary purpose of any business or organization, according to the text?
The primary purpose of any business or organization, according to the text, is to fulfill a specific purpose, whether it’s providing raw materials, manufacturing equipment, developing software, constructing buildings, or offering goods and services.
What guides leaders and management when implementing systems and structures within an organization?
Leaders and management are guided by laws and regulations created by governments to enact public policy when implementing systems and structures within an organization.
How do laws and regulations influence the development of standards within an organization?
Laws and regulations influence the development of standards within an organization, cultivating policies that, in turn, result in procedures to guide the organization in achieving its goals.
What are procedures in the context of organizational governance?
Procedures, in the context of organizational governance, are detailed steps to complete a task that support departmental or organizational policies.
What role do policies play in organizational governance?
Policies, put in place by organizational governance, provide guidance in all activities to ensure that the organization supports industry standards and regulations.
How do standards contribute to the implementation of policies and procedures within an organization?
Standards are often used by governance teams to provide a framework for introducing policies and procedures in support of regulations within an organization.
What distinguishes regulations from other elements in the text?
Regulations, commonly issued in the form of laws, typically come from the government and carry financial penalties for noncompliance, distinguishing them from other elements.
How are procedures related to departmental or organizational policies?
Procedures are related to departmental or organizational policies as they provide detailed steps to complete tasks in alignment with these policies.
What is the source of regulations, and what distinguishes them from governance?
Regulations, issued in the form of laws, come from the government and carry financial penalties for noncompliance, distinguishing them from governance.
Who is responsible for putting policies in place within organizational governance?
Policies are put in place by organizational governance, such as executive management, to provide guidance in all activities and ensure alignment with industry standards and regulations.
At what levels can regulations and associated fines and penalties be imposed by governments?
Regulations and associated fines and penalties can be imposed by governments at the national, regional, or local level.
What is the focus of the Health Insurance Portability and Accountability Act (HIPAA) of 1996?
The Health Insurance Portability and Accountability Act (HIPAA) of 1996 governs the use of protected health information (PHI) in the United States.
What consequences can individuals and companies face for violating the HIPAA rule?
Violation of the HIPAA rule can result in fines and/or imprisonment for both individuals and companies.
What is the purpose of the General Data Protection Regulation (GDPR) enacted by the European Union (EU)?
The General Data Protection Regulation (GDPR) was enacted by the European Union (EU) to control the use of Personally Identifiable Information (PII) of its citizens and those in the EU.
What makes the GDPR unique in terms of its international reach?
The GDPR has international reach as it includes provisions that apply financial penalties to companies handling data of EU citizens and those living in the EU, even if the company does not have a physical presence in the EU.
In what ways can multinational organizations be subject to regulations?
Multinational organizations can be subject to regulations in more than one nation, in addition to multiple regions and municipalities.
What recommendation does the text provide for organizations regarding compliance with regulations?
Organizations need to consider the regulations that apply to their business at all levels—national, regional, and local—and ensure they are compliant with the most restrictive regulation.
How does the international reach of the GDPR impact companies handling data?
The international reach of the GDPR impacts companies handling data of EU citizens and those in the EU, regardless of the company’s physical presence in the EU, by subjecting them to financial penalties.
What specific type of information does HIPAA govern?
HIPAA governs the use of protected health information (PHI) in the United States.
Why is it important for organizations to consider regulations at multiple levels, according to the text?
Organizations need to consider regulations at multiple levels (national, regional, and local) to ensure compliance with the most restrictive regulation and avoid legal consequences.
