Which of the Following Privacy Frameworks Are Legally Binding

question 91

Multiple Choice

Which of the following privacy frameworks are legally binding?

• A) Binding Corporate Rules (BCRs).
• B) Generally Accepted Privacy Principles (GAPP).
• C) Asia-Pacific Economic Cooperation (APEC) Privacy Framework.
• D) Organization for Economic Co-Operation and Development (OECD) Guidelines.

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Definitions:

Shortage Costs

Costs incurred as a result of insufficient inventory, including potential lost sales, backorder handling, and decreased customer satisfaction.

Carrying Costs

The total cost of holding inventory, including storage, maintenance, insurance, and opportunity costs.

Opportunity Cost

The foregone benefit that could have been obtained from an option not chosen.

Inventory Holding

The costs associated with storing unsold goods, including warehousing, insurance, and depreciation.