When Unauthorized Outsiders Breached Equifax Canada's Data System and Gained

question 43

Multiple Choice

When unauthorized outsiders breached Equifax Canada's data system and gained access to personal information on hundreds of Canadians,this was an example of

• A) software piracy.
• B) identity theft.
• C) hacking.
• D) intellectual property theft.
• E) a computer virus.

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Definitions:

Net Loss

The amount by which expenses exceed revenues, indicating a negative profit.

Margin of Safety Percentage

A financial metric indicating the amount by which sales can drop before reaching the break-even point.

Fixed Expenses

are costs that do not fluctuate with the level of production or sales, such as rent, salaries, and insurance premiums.

Contribution Margin

The amount of revenue remaining after deducting variable costs, used to cover fixed costs and generate profit.