Which of the Following Is a US-EU Data Privacy Requirement

question 14

Multiple Choice

Which of the following is a US-EU data privacy requirement?

• A) Access for consumers to their information
• B) Adequate security, data integrity, and enforcement provisions
• C) Notice of purpose and use of data collected
• D) All of the choices are correct

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Definitions:

Financial Statements

Materials outlining a firm's financial health, incorporating its balance sheet, income statement, and cash flow statement.

Adjustment

Modifications made to account balances in order to correct financial statements or to allocate transactions correctly.

Accrual Accounting

An accounting method that recognizes revenue and expenses when they are incurred, not necessarily when cash is exchanged, enhancing the accuracy of financial statements.

Financial Statements

Formal records of the financial activities and position of a business, organization, or person, including balance sheets, income statements, and cash flow statements.