Match the Act on the Left to the Appropriate Explanation

question 8

Multiple Choice

Match the Act on the left to the appropriate explanation on the right.
-COPPA

• 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:

Assets

Resources owned by a company that have economic value and can be used to meet its financial obligations.

Liabilities

Financial obligations or debts owed by a business or individual.

Natural Business Year

A fiscal year that ends when a business’s activities are at their lowest point in its annual cycle, typically determined by the nature of the business.

Fiscal Year

A one-year period that companies and governments use for financial reporting and budgeting, which doesn't necessarily coincide with the calendar year.