USBusinesses Are Allowed to Use Personal Data from EU Countries

question 64

Multiple Choice

U.S.businesses are allowed to use personal data from EU countries if they

• A)have informed consent.
• B)create a safe harbor.
• C)develop equivalent privacy protection policies.
• D)make their privacy protection policies publicly available.
• E)register their activities with a central EU government databank.

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Definitions:

Comparative Purposes

For comparative purposes entails analyzing financial statements or other data side by side to discern trends, effects of strategies, or performance over time.

Depreciation Expense

A charge that reflects the cost of using fixed assets over their useful life.

Plant Assets

Durable assets with physical form, employed in running a company and not meant for resale.

Year Ended

The conclusion of a 12-month accounting period, at which financial statements are prepared.