The European Union Passed the First Major Regulation Declaring Data

question 313

Multiple Choice

The European Union passed the first major regulation declaring data privacy to be a human right. In what year did it go into effect?

• A) 2010
• B) 2000
• C) 1995
• D) 1990

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Definitions:

Endowment Investment

The use of donated funds, typically for universities or non-profit organizations, to generate income while keeping the principal amount intact.

Accounting

The systematic process of recording, measuring, and communicating information about financial transactions.

Statement of Financial Position

A financial statement that shows an organization's assets, liabilities, and net equity at a specific point in time, often referred to as a balance sheet.

Perpetuity

A duration of ownership or investment that lasts indefinitely, often used in the context of trusts or investments that generate an eternal income stream.