In 2008, the Granted Expanded Authority to Collect, Without Court-Approved

question 32

Multiple Choice

In 2008, the granted expanded authority to collect, without court-approved warrants, international communications as they flow through U.S. telecom network equipment and facilities.

• A) USA PATRIOT Act
• B) Foreign Intelligence Surveillance Act Amendments Act
• C) Electronic Communications Privacy Act
• D) Omnibus Crime Control and Safe Streets Act

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Definitions:

Periodic Inventory System

A method of inventory valuation for financial reporting purposes where a physical count of the inventory is taken at specified intervals.

Purchase Account

An account used in accounting to record the total purchases of goods and services by a company.

Inventory Account

An account used to record the value of inventory held by a company, including raw materials, work-in-progress, and finished goods.

Cost of Goods Available

The total cost of goods a company has to sell during a specific period, calculated by adding the beginning inventory to the cost of goods purchased.