Match the Act on the Left to the Appropriate Explanation

question 58

Multiple Choice

Match the Act on the left to the appropriate explanation on the right.
-Data Protection Directive

• A)requires parental consent before collecting, using, or disclosing personal information of children under age 13
• B)protects privacy of American medical information
• C)details what personal information is collected and how it will be used
• D)adopted in 1998 establishing a high level of legal protection of personal data

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Definitions:

Variable Cost per Unit

The cost associated with producing one unit of a product, which varies with the level of production or sales volume.

Annual Fixed Costs

The total fixed costs a company incurs over a year, which do not vary with the level of production or sales.

Return on Investment

A measure of the profitability and efficiency of an investment, calculated by dividing net profits by the cost of the investment.

Residual Income

Profit remaining after deducting all costs, including the cost of capital, usually used in managerial accounting as a performance measure.