Different Organisations and Countries Have Their Own Terms for These

question 98

True/False

Different organisations and countries have their own terms for these concerns. The United Kingdom terms it "Data Protection," and the European Union calls it "Personal Data Privacy"; the Organisation for Economic Co-operation and Development (OECD) has written Guidelines on the Protection of Privacy and Transborder Flows of Personal Data.

---

Definitions:

Discounted Price

Discounted Price refers to a price that has been reduced from the original or listed cost, often to accelerate sale or clearance or as part of promotional offers.

Credit Terms

Credit terms are the payment conditions imposed by suppliers on customers, including the amount of time allowed to pay off the amount due.

Goods

Tangible items that are produced or manufactured for sale to consumers or other businesses.

Present Value

The current value of a future amount of money, calculated by applying a discount rate to account for the time value of money.