Jack Keeps His Client Card File Locked in a Secure

question 19

Essay

Jack keeps his client card file locked in a secure file cabinet in his office.He allows personnel in the office to access it only when a conflict check needs to be performed,or a new client needs to be added to the file.He is concerned that a computer database would be too easily accessible,and confidential client information could be revealed.What safeguards are available if he changes to a computer database?

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Definitions:

Superstars Pay

Refers to the significantly high salaries or earnings of top performers or individuals in specific industries such as sports, entertainment, and business due to their exceptional skill, talent, or marketability.

Marginal Revenue Productivity

The additional revenue generated by employing one more unit of a given resource or factor of production.

Elastic Product Demand

A situation where the demand for a product is sensitive to changes in price, meaning small price changes can cause large changes in quantity demanded.

Economic Profits

Profits that exceed the opportunity costs of all resources employed by the firm, reflecting earnings above the normal expected return.