Define the Principle of Confidentiality

question 81

Essay

Define the principle of confidentiality. To which legal concept does this principle correspond? Outline two distinct limitations on the principle of confidentiality, using at LEAST three of these concepts in your

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Definitions:

Projected Sales

An estimate of the amount of sales that a company expects to achieve in a future period, based on various forecasting methods and assumptions.

Budgeted Sales

Projected sales figures that a company expects to achieve within a specified period, used for planning and performance evaluation.

Beginning Inventory

The value of a company's stock of goods at the start of an accounting period, before any purchases or sales have occurred.

Desired Ending Inventory

The amount of inventory a business plans to have on hand at the end of a period to ensure operations run smoothly and meet customer demand.