Which of the Following Statements Is Not True

question 17

Multiple Choice

Which of the following statements is not true?

• A) A majority of states require companies that maintain personal data on their residents to publicly disclose when a security breach affecting those residents has occurred.
• B) The USA Patriot Act broadly expanded law enforcement's investigative and surveillance powers.
• C) The Cybersecurity Information Sharing Act was strongly supported by most large technology companies and privacy advocates.
• D) The Federal Trade Commission has asserted that it has authority over corporations' data security practices.

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Definitions:

Condensed Income Statements

A simplified financial statement that presents a company's net income and revenue summary over a specific period, omitting detailed line items.

Operating Income

Earnings from a firm's core business operations, excluding deductions of interest and tax.

Gross Profit

The financial metric calculated by subtracting the cost of goods sold from the total revenue, representing the profit made before deducting operating expenses.

Gross Profit

The difference between sales revenue and the cost of goods sold before accounting for operating expenses, interest, and taxes.