Hypothetical Example: on November 1, 2001, the Citizen Commerce Corp

question 18

Multiple Choice

Hypothetical example: On November 1, 2001, the Citizen Commerce Corp. was subject to intense surveillance. The bank's transaction records, databases, and employee records (including personal details) were scrutinized after an anonymous electronic message about a potential terrorist attack was received by the Central Intelligence Agency. This surveillance was executed under the _____.

• A)Secure Fence Act
• B)USA PATRIOT Act
• C)PROTECT Act
• D)Homeland Security Act
• E)Military Commissions Act

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Definitions:

Elasticity of Demand

An indicator of the degree to which demand for a product changes in response to a variation in its price, shown as a percentage.

Markup

The amount added to the cost price of goods to cover overhead and profit; a percentage over the cost.

Sales Tax

A levy that a government places on the sale of products and services, usually determined as a portion of the selling price.

Marginal Cost

The extra financial obligation associated with the production of an additional good or service unit.