Match the Privacy Principle to the Correct

question 78

Multiple Choice

Match the privacy principle to the correct
-Disclosure to Third Parties
definition.

• A)The entity defines, documents, communicates, and assigns accountability for its privacy policies and procedures.
• B)The entity provides information about its privacy policies and procedures and identifies the purposes for which personal information is collected, used, retained, and disclosed.
• C)The entity limits the use of personal information to the purposes identified in the notice and for which the individual has provided implicit or explicit consent. The entity retains personal information only for as long as necessary to fulfill the stated purposes.
• D)The entity maintains accurate, complete, and relevant personal information for the purposes identified in the notice.
• E)The entity shares personal information to third parties only for the purposes identified in the notice and with the implicit or explicit consent of the individual.
• F)The entity monitors compliance with its privacy policies and procedures and has procedures to address privacy-related complaints and disputes.
• G)The entity provides individuals their personal information for review and update.
• H)The entity collects personal information only for the purposes identified in the notice.
• I)The entity describes the choices available to the individual and obtains implicit or explicit consent with respect to the collection, use, and disclosure of personal information.
• J)The entity protects personal information against unauthorized access (both physical and logical).

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Definitions:

FOB Shipping

A shipping term indicating that the seller is responsible for delivering goods to a designated location, where the buyer becomes responsible for the goods.

Merchandise Cost

The total cost incurred to purchase goods for resale, including the purchase price, shipping, handling, and other related expenses.

Financial Statement Impact

The effect of business transactions and decisions on the financial statements, reflecting on the company's financial health and performance.

Inventory Costing

Inventory costing is the method used to assign costs to inventory items, determining the cost of goods sold and ending inventory value.