Which of the Following Statements About the General Data Protection

question 57

Multiple Choice

Which of the following statements about the General Data Protection Regulation (GDPR) is not true?

• A) The GDPR replaces the Data Protection Directive.
• B) The GDPR applies to any firm operating in any E.U. country.
• C) The GDPR eliminate the right to be forgotten.
• D) The GDPR limits the ability of companies to use data for purposes other than those for which it was collected.

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Definitions:

Functional Currency

The primary currency used by a business or unit in its financial transactions, reflecting the economic environment in which it primarily operates.

Foreign Subsidiary

A company that is owned or controlled by another company (parent company) and is located in a different country.

Functional Currency

The form of money prevalent in the primary financial setting where an organization conducts its operations and accrues cash flows.

Common Shares

Securities representing ownership in a corporation, providing voting rights and entitling holders to a share of the company's success through dividends and appreciation.