The Privacy Act of 1974 _____

question 23

Multiple Choice

The Privacy Act of 1974 _____.

• A) Does not apply to government records
• B) Focuses on private sector records
• C) Mandates disclosure of information
• D) Presumes that information be kept confidential

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Definitions:

Accounts Closed

The process of zeroing out balances in temporary accounts and transferring their balances to permanent accounts at the end of an accounting period.

End of Period

A point in time that marks the conclusion of a reporting period, such as a fiscal quarter or year, used for financial reporting and analysis.

Missing Items

Items that are unaccounted for in inventory or records due to loss, theft, or error.