Which Act Prohibits the Use of Video Rental Information on Customers

question 7

Multiple Choice

Which act prohibits the use of video rental information on customers for any purpose other than that of marketing goods and services directly to the consumer?

• A) Privacy act
• B) Bork Bill
• C) Freedom of Information Act
• D) Communications Assistance for Law Enforcement Act

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Definitions:

Retained Earnings

Retained earnings are the portion of a company's net income that is kept within the company instead of being paid out to shareholders as dividends, often used for reinvestment in the business or to pay down debt.

Revenue Accounts

Accounts that track the income generated from the company's primary operations and other activities.

Expense Accounts

Accounts used to track money spent or costs incurred in a company's operation to generate revenue.

Year-End Closing Process

The series of steps taken to close out business accounts at the end of the fiscal year, preparing the books for the next fiscal period.