Which of the Following Statements About Confidentiality Is NOT True

question 164

Multiple Choice

Which of the following statements about confidentiality is NOT true?

• A) All records must be kept by the program director/manager under lock and key.
• B) Data must be available to all individuals who need to see it.
• C) Data should be kept on file for at least 1 year before being discarded.
• D) Sensitive information (e.g., participant's name) needs to be protected.

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Definitions:

Cash Conversion Cycle

The length of time between the firm’s actual cash expenditures on productive resources (materials and labour) and its own cash receipts from the sale of products (i.e., the length of time between paying for labour and materials and collecting on receivables). Thus, the cash conversion cycle equals the length of time the firm has funds tied up in current assets.

Accounts Payable

Accounts Payable is the amount of money owed by a company to its creditors for goods and services purchased on credit.

Financial Cost

Expenses associated with borrowing funds or purchasing on credit, including interest expenses, fees, and other charges.

Balance

This term refers to the total amount of money in a financial account, the difference between credits and debits in an account, or the equilibrium between opposing forces or actions.