The Gist of the 10 Guiding Principles of PIPEDA for Organizations

question 148

Short Answer

The gist of the 10 Guiding Principles of PIPEDA for organizations can be remembered as the 3Cs: consent, choice, and __________.

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Definitions:

Shipping Parts

The components or pieces of a product that are transported from the manufacturer to the customer or other destinations.

Period Cost

Expenses that are not directly tied to the production process and are charged to the periods in which they are incurred, such as selling, general, and administrative expenses.

Depreciation

The process of allocating the cost of a tangible asset over its useful life, reflecting the reduction of the asset's value due to usage and age.

Period Cost

Expenses incurred during a specific time period that are not directly tied to production activities.