Which of the Following Is True in Respect of Privacy

question 119

Multiple Choice

Which of the following is true in respect of privacy law in Canada?

• A) Privacy protection is found primarily in the common law.
• B) The Personal Information Protection and Electronic Documents Act is designed primarily to regulate the government in its collection, use and disclosure of personal information.
• C) Privacy laws are generally considered unnecessary because voluntary privacy protection has been so successful.
• D) Organizations in the private sector are subject to legislated responsibilities with respect to the personal information they collect.
• E) The power to enact privacy legislation has been exclusively granted to the federal government.

---

Definitions:

Cash Dividends

Cash Dividends are payments made by a corporation to its shareholders, usually as a distribution of profits.

Depreciation Expense

The systematic allocation of the cost of a tangible asset over its useful life, reflecting the asset's consumption or the wear and tear over time.

Long-Term Debt

Loans and financial obligations lasting more than one year, used to finance a company's operations or expansions.

Direct Approach

A method in financial accounting that involves reporting major classes of gross cash receipts and payments, providing a clear view of a company's cash flow.