The US Department of Commerce Developed A(n) ________ Framework in Order

question 28

Multiple Choice

The U.S. Department of Commerce developed a(n) ________ framework in order to enable U.S. businesses to legally use personal data from EU countries.

• A) COPPA
• B) P3P
• C) PGP
• D) safe harbor
• E) FIP

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Definitions:

Goodwill

An intangible asset representing the value of a company's brand name, reputation, and customer relationships, acquired during a business combination.

Issued Capital

The total value of the shares that have been issued by a company and are held by shareholders, representing the initial capital paid into the business.

Retained Earnings

This is the amount of net income left after a company has paid out dividends to its shareholders, typically reinvested in the business or held as a reserve.

Goodwill

An intangible asset that arises when a company acquires another company for a price higher than the fair market value of its net assets, representing future economic benefits.