Which of the Following Acts Has Provisions for Combating Identity

question 17

Multiple Choice

Which of the following acts has provisions for combating identity theft?

• A) The Fair Credit Billing Act
• B) The Fair Credit and Charge Card Disclosure Act
• C) The Fair and Accurate Credit Transactions Act
• D) The Gramm-Leach-Bliley Act

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Definitions:

Accounting Rate of Return

A financial metric used to measure the profitability of an investment, calculated by dividing the average annual profit by the initial investment cost.

Financial Statement

A formal record of the financial activities and position of a business, person, or other entity, presented in a structured way.

NPV

Net Present Value (NPV) is a method used in capital budgeting to evaluate the profitability of an investment or project by calculating the difference between the present value of cash inflows and outflows.

Cost of Capital

Cost of capital represents the return rate an entity must pay to its stakeholders in order to justify the use of capital in the business.