The AICPA's Trust Services Criteria Practice That States a Specific

question 69

Multiple Choice

The AICPA's Trust Services Criteria practice that states a specific person or persons should be assigned the responsibility to insure that privacy practices are followed by employees is under the title of:

• A)Monitoring and enforcement
• B)Security for privacy
• C)Management
• D)Choice and consent

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Definitions:

Competitive Buyer

A buyer in a market where numerous purchasers compete to acquire goods or services, often leading to more favorable prices.

Industry Supply Curve

A graphical representation that shows the relationship between the price of a good and the total output all firms in the industry are willing to produce.

Marginal Value

Additional benefit derived from purchasing one more unit of a good.

Consumer Surplus

The gap between the price consumers are ready to pay for a good or service and the price they actually incur.