Which of the Following Restricts the Information the U

question 41

Multiple Choice

Which of the following restricts the information the U.S. federal government can collect and regulates what it can do with the information?

• A) Privacy Act of 1974
• B) Gramm-Leach-Bliley Act of 1999
• C) Freedom of Information Act
• D) HIPAA of 1996
• E) Fair Information Practices Act of 1973

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Definitions:

Mineral Deposit

A naturally occurring concentration of minerals that can be extracted economically.

Trade-in

An asset given as part-payment for the purchase of a new asset, usually in the context of vehicles.

Commercial Substance

A situation where the future cash flows of an entity change as a result of a transaction, indicating the transaction has economic significance.

Original Cost

The initial purchase price or construction cost of an asset or investment, before depreciation or amortization.