The Privacy Act of 1974,originally Enacted to Apply Only to Government

question 8

True/False

The Privacy Act of 1974,originally enacted to apply only to government employees,was extended to cover private sector employees in 1977.

---

Definitions:

Stock Market

A public market for the trading of company stock and derivatives at agreed upon prices.

Economic Value Added

A measure of a company's financial performance based on the residual wealth calculated by deducting its cost of capital from its operating profit.

Residual Income

Another term for economic value added (EVA).

Opportunity Costs

The cost of foregone alternatives when a decision is made, representing the benefits an individual, investor, or business misses out on when choosing one alternative over another.