The Fair and Accurate Credit Transaction Act (FACT)

question 132

Multiple Choice

The Fair and Accurate Credit Transaction Act (FACT)

• A) allows employers to hire outside investigators without notifying the employee under investigation.
• B) prohibits employers from hiring outside investigators when investigating employee wrongdoing.
• C) requires employers to get permission from employees under investigation before the employer hires outside investigators.
• D) allows employers to hire outside investigators if the employee has access to sensitive employer data.

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Definitions:

Restricted Fund

Funds that are designated for a specific purpose by the donor or governing authority, limiting their use by the recipient organization.

Investment Income

Income received from investments, including dividends, interest, rental income, and capital gains.

General Fund

The primary operating fund of a governmental entity used to account for all financial resources except those required to be accounted for in another fund.

Restricted Contribution

Funds given to an entity with specific conditions or purposes attached, limiting their use.