Explain the Requirements Under the Personal Information Protection and Electronic

question 105

Essay

Explain the requirements under the Personal Information Protection and Electronic Documents Act.

---

Definitions:

Lending Institution

A financial institution that provides loans to individuals or businesses.

Gross Working Capital

The total of all current assets of a company, indicating the liquid resources available for day-to-day operations.

Accounts Payable

Liabilities of a business that represent its obligations to pay off a short-term debt to its creditors or suppliers.

Fixed Assets

Long-term tangible assets that are used in the operations of a business and are not expected to be converted to cash in the short term.