Firms Can Safeguard Customer Information by Doing Which of the Following

question 35

Multiple Choice

Firms can safeguard customer information by doing which of the following?:

• A)​Allow customers to opt-in and out of mailing lists
• B)Allow customers to access their accounts online to view information collected about themselves​
• C)Both A & B​
• D)None of these​

Distinguish between the various methods of documenting and tracking business transactions.

Grasp the concept and implications of unearned revenue in business transactions.

Realize the importance of double-entry accounting for maintaining the balance in financial records.

Identify the role of source documents in the accounting process.

---

Definitions:

LLCs Members

Individuals or entities that hold ownership interest in a Limited Liability Company and have rights and responsibilities as outlined in the LLC agreement.

RULLCA

Revised Uniform Limited Liability Company Act; a standard law adopted by some states to govern the formation, operation, and dissolution of LLCs.

RULLCA

The Revised Uniform Limited Liability Company Act, which provides a comprehensive model act for the formation, operation, and dissolution of LLCs in the United States.

Default Rules

Default rules are legally established standards that apply when parties to a contract do not stipulate their own arrangements or when such arrangements are not legally enforceable.