SCENARIO - Please Use the Following to Answer the Next

question 40

Multiple Choice

SCENARIO - Please use the following to answer the next question: Singabank is a boutique bank in Singapore. After being notified during the hiring process, Singabank employees are subject to constant and thorough monitoring and tracking through CCTV cameras, computer monitoring software and keyboard loggers. Singabank does this to ensure its employees are complying with Singabank's data security policy. Bigbank is now considering acquiring Singabank's retail banking division. As part of its due diligence, Bigbank is seeking for Singabank to disclose to it all of its surveillance material on its employees, whether or not they are part of the retail banking division. Jimmy works in Singabank's investment banking division. What would make Singabank's monitoring of its employees illegal?

• A) If the employees did not explicitly consent to it.
• B) If the bank's data security policy was being overhauled.
• C) If the bank collected employees' sensitive personal information.
• D) If the employees were not provided contact information to ask questions about the monitoring.

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Definitions:

Long Run

The long run is a period in economic theory during which all factors of production and costs are variable, allowing firms to adjust all inputs to attain desired output levels.

Per-unit Costs

The cost incurred for producing a single unit of product, often calculated to analyze efficiency or profitability.

Increasing Cost Industry

An industry where production costs rise as output increases due to factors such as limited resources or higher wages.

Resource Prices

The cost associated with acquiring resources or inputs, such as labor, raw materials, and capital, used in the production of goods and services.