Information ____ Refers to the Right of Individuals and Companies

question 56

Multiple Choice

Information ____ refers to the right of individuals and companies to deny or restrict the collection and use of information about them.

• A)rights
• B)acceptable use
• C)restrictions
• D)privacy

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Definitions:

Merchandise Inventories

Goods that a company intends to sell in the ordinary course of business, valued at the lower of cost or market.

Cash Collections

The process of receiving payments from customers for goods or services provided.

Sales Budget

A detailed projection of a company’s sales, in units and dollars, for a specific period, guiding production and marketing efforts.

Master Budget

A comprehensive financial plan for an organization that includes all of its revenue and expense accounts, combining them into a consolidated budget.