What Is the Gramm-Leach-Bliley Act

question 36

Multiple Choice

What is the Gramm-Leach-Bliley Act?

• A)Implements the principle that a signature,contract,or other record may not be deleted
• B)Denies legal effect,validity,or enforceability solely because it is electronic form
• C)Addresses a myriad of legal privacy issues that were resulting from the increasing use of computers and other technology specific to telecommunications
• D)Makes it a violation of federal law to knowingly use another's identity
• E)A major piece of legislation affecting the financial industry and containing significant privacy provisions for individuals

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Definitions:

Non-Monetary Rewards

Incentives given to employees that do not involve direct payment, such as recognition, professional development opportunities, and flexible working conditions.

Reinforcement

The process of encouraging or establishing a pattern of behavior by offering rewards or positive outcomes.

Punishment

A form of corrective measure aimed at reducing undesired behavior by using negative consequences or removal of positive stimuli.

Delayed Schedule

A situation where planned events or activities occur later than originally planned or intended, often resulting in setbacks or disruptions.