There Is a Large Gap Between the Privacy Laws of the United

question 266

Multiple Choice

There is a large gap between the privacy laws of the United States and those of the European Union. Bridging this gap is necessary for American companies to do business with European companies and in European markets in many situations, as the American companies are required to comply with the stricter requirements. Which US program was designed to help companies overcome these differences?

• A) SOX
• B) HIPAA
• C) GLBA
• D) Safe Harbor

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Definitions:

Learning Curve

A learning curve illustrates the rate of improvement in performing a task or the increase in efficiency achieved by repetition of a process or activity.

Cumulative Number

A total that increases over time by adding successive amounts or quantities, often used in data collection and analysis.

Labor Per Unit

Refers to the amount of labor required to produce a single unit of a product, indicating efficiency and productivity levels.

Long-run Average Cost Curve

A curve that shows the lowest cost at which a firm can produce any given level of output in the long run, when all inputs are variable.