__________ Data Are Data That May Be Derived from Corporate

question 38

Multiple Choice

__________ data are data that may be derived from corporate data but that cannot be used to discover the corporation's identity.

• A)Reference
• B)Trust
• C)Sanitized
• D)MAC

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Definitions:

Corporation

A legal entity that is separate and distinct from its owners, offering them limited liability and the ability to raise funds by selling shares.

Net Income

The profit remaining after all costs, expenses, and taxes have been subtracted from total revenue.

Allowances

Funds set aside or discounts offered to account for various factors such as potential returns, defective goods, or customer satisfaction initiatives.

Income-Sharing Ratio

An agreed upon proportion used to distribute profits or losses among partners in a partnership.