Firms That Fail to Invest Sufficiently in Safeguarding Their Customer

question 86

True/False

Firms that fail to invest sufficiently in safeguarding their customer data and establishing policies to deal with cybercrimes may also run into problems with consumer protection agencies.

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Definitions:

Sales Tax

A tax imposed by governments on the sale of goods and services, collected by the retailer at the point of sale and passed on to the government.

Cash Refund

A repayment to a customer in cash for the return of products or for rebate claims.

General Journal

A primary accounting record used to record all non-specific financial transactions of a business in chronological order.

Sales Tax

A consumption tax imposed by the government on the sale of goods and services, collected by the retailer at the point of sale.