To Guard Against Possible Legal Ramifications and the Consequences of Using

question 75

Multiple Choice

To guard against possible legal ramifications and the consequences of using the Web and networks, an organization usually establishes a(n) _____ .

• A)acceptable use policy
• B)standard data policy
• C)article ownership policy
• D)user content policy

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Definitions:

Percentage-of-Completion Method

An accounting method used to recognize revenue and expenses of long-term contracts in proportion to the work completed.

Estimated Revenues

Projections of the amount of money a business expects to receive from its activities or sales within a specific period.

Cost-to-Cost Method

A method used in accounting for long-term contracts where revenue is recognized based on the percentage of project completion, estimated by comparing the costs incurred to the total expected costs.

Construction Contracts

Agreements between parties for executing construction projects, detailing scope, budget, and timeline.