The Discount Retailer Target Suffered a Hacker Attack During the Fourth

question 47

Multiple Choice

The discount retailer Target suffered a hacker attack during the fourth quarter of 2013 (4Q2013) that exposed customer account information.Which of the following was not an impact of Target's hacker attack and data breach?

• A)4Q 2013 profit dropped 46% and sales revenue fell 5.3 % after breach was disclosed.
• B)Gartner estimated the cost of the breach from $400 million to $450 million
• C)Target faced 2 lawsuits-one related to privacy invasion and one for negligence.
• D)The incident scared shoppers away,affecting the company's profits throughout 2014.

Identify the concepts of parity ratio and how it is affected by changes in prices received and paid by farmers.

Understand the political dynamics involved in agricultural policies including the special-interest effect and political logrolling.

Grasp the international repercussions of domestic farm programs on agricultural resource allocation.

Examine the impact of U.S. farm policy on farming practices and income.

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Definitions:

Distorted Priorities

A situation where resources or efforts are misallocated, focusing on less important issues at the expense of more critical ones.

Economic Concepts

Fundamental ideas that form the basis of economic theory and analysis, such as supply and demand, inflation, and gross domestic product.

Economic Laws

Theories or principles that describe behaviors and outcomes in economical activities, often derived from observed patterns and generalized across situations.

Depression

A severe and prolonged downturn in economic activity, characterized by significant declines in GDP, high unemployment, and deflation, more extreme than a recession.