In the United States, the Sarbanes-Oxley Act SOX), Gramm-Leach-Bliley Act

question 240

Multiple Choice

In the United States, the Sarbanes-Oxley Act SOX) , Gramm-Leach-Bliley Act GLB) , Federal Information Security Management Act FISMA) , and USA Patriot Act all require businesses to __________________________.

• A) Report security breaches
• B) Backup sensitive data
• C) Protect personally identifiable information
• D) Inform the public about network failures in a timely manner

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Definitions:

MR

Stands for Marginal Revenue, which is the additional income earned from selling one more unit of a good or service.

Economic Profit

The difference between a firm's total revenues and its total costs, including both explicit costs and opportunity costs.

Perfectly Competitive

A market structure where many firms sell identical products, entry and exit are easy, and no single seller can influence the market price.

Market Price

The present cost for purchasing or selling an asset or service within a specific market.