Different Organizations and Countries Have Their Own Terms for These

question 94

True/False

Different organizations and countries have their own terms for these concerns.The United Kingdom terms it "Data Protection," and the European Union calls it "Personal Data Privacy", the Organization for Economic Co-operation and Development (OECD) has written Guidelines on the Protection of Privacy and Transborder Flows of Personal Data.

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Definitions:

Net Sales

The total revenue from sales transactions after deducting returns, allowances, and discounts.

Discount Period

A specified period within which a buyer can pay less than the full amount due by taking advantage of a discount offered by the seller.

Customer

An individual or entity that purchases goods or services from a business.

Sales Returns and Allowances

Concessions made to customers for returned merchandise or unsatisfactory goods, reducing sales revenue.