The Purpose of the New Security Awareness Program Is(are)

question 498

Multiple Choice

The purpose of the new security awareness program is(are)

• A) to help staff realize the importance of security.
• B) remind users of procedures.
• C) lock down PHI.
• D) both A and B

Understand the concepts of progressive, regressive, and proportional taxation.

Identify the major sources of federal and state revenue.

Calculate personal income tax and understand the concept of marginal tax rate.

Differentiate between the financial burden of different types of taxes on various income groups.

---

Definitions:

Assign

To transfer property by sale, mortgage, pledge, or otherwise.

Floating Lien

A provision, placed by the creditor, in a security agreement that a security interest of the creditor also applies to goods the debtor acquires at a later time.

Inventory

Goods held for sale or lease, or raw materials used or consumed in a business.

Graduated-Payment Mortgage

A mortgage that has a fixed interest rate during the life of the mortgage; however, the monthly payments made by the mortgagor increase over the term of the loan.