Which of the Following Is Not True About the Australian

question 7

Multiple Choice

Which of the following is not true about the Australian Privacy Principles?

• A)They apply to most businesses in Australia.
• B)They protect both personal information and sensitive information.
• C)They are designed to ensure that businesses use information about individuals responsibly.
• D)It is not necessary for businesses covered by the Act to comply with them.

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Definitions:

Variable Costs

Expenses that change in proportion to the activity of a business.

Target Costing

A pricing method that involves reverse-engineering a product to meet a specific price point by targeting the total cost.

Full Cost

The complete cost of producing and delivering a product or service, including direct and indirect costs.

Profit Margin

A financial metric indicating the percentage of revenue that remains as profit after accounting for costs and expenses.