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3 years ago

The Model Privacy notice was introduced in 2010. Which statement about the notice is true?

Business

1 answer:

Ivahew [28]3 years ago

7 0

Answer:

The Model Privacy Notice was introduced in 2010. The statement which is true about the notice is as follow:

It was created following consumer testing to provide customers with a format that makes a bank's privacy practices more understandable and more easily compared with other bank's practices.

Explanation:

The Model Privacy Notice is such a form that was created to tell the people that how your personal information is collected and share by the financial institutions.
The statements like "It was mandatory for all financial service providers to use this Model effective 1/2011" and "Using the model does not provide a financial institution with a safe harbor" are false according to the Model Privacy Notice.
Because the use of this model is not mandatory rather it is optional and it does provide safe harbor to the financial institutions.

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Why is it important for managers to pay close attention to their organization’s production system if they wish to be responsive

Marina86 [1]

Explanation:

The production system consists of all integrated activities and operations for the production of goods and services.

Organizational capacity is measured by the set of effective actions of coordination and control of the production system. Therefore, active management of systems monitoring will determine key factors for better meeting consumer demands and needs through continuous improvement in the quality of manufacturing processes, innovations, reduction of waste and unnecessary spending, which enables greater transfer to the customer a product with quality and low cost and represents for the organization gains of competitive and strategic advantages.

8 0

3 years ago

On March 1, Bartholomew Company purchased a new stamping machine with a list price of $77,000. The company paid cash for the mac

nikdorinn [45]

Answer:

$81,020

Explanation:

The cost of the asset includes the cost of purchase less any given discount or tax returns and the addition of other cost incurred in making the asset available for use.

As such, the cost of the machine

= $77,000 - (5% * $77,000) + $2,000 + $4,520 + $1,350

= $81,020

The routine maintenance cost is not a part of the asset but an expense in p/l.

8 0

3 years ago

Rage, a leading motor vehicle manufacturer, introduces a new superbike model. it invites proposals from independent dealers who

uysha [10]

This is most likely an example of a franchise opportunity. It could also be considered to be a hybrid type of franchise where the indepenent dealers have more leeway in how the business looks and how it is run. This would be a win/win for many independent dealers as the would still be making most of the local decisions.

6 0

3 years ago

Baxter company produces children's wiffle ball sets using a three-step sequential process that includes molding, coloring, and f

Nikitich [7]

when the sets are completely finished, the cost should be transferred to: WIP inventory-Finishing
WIP stands for work in progress, which is an account to placed all the amount of manufactured product that still not ready to be sold to the market.
Since the manufacter process is in finishing stage (coloring/packing), the appropriate account should be WIP inventory-Finishing

3 0

3 years ago

Compute net income for 2019 by comparing total equity amounts for these two years and using the following information: During 20

marishachu [46]

Answer:

net income during 2019 = $109,045

Explanation:

total stockholder equity 2018 = assets - liabilities = $293,500 - $79,245 = $214,255

total stockholder equity 2019 = assets - liabilities = $497,512 - $177,212 = $320,300

change in equity from 2018 to 2019 = $106,045

$33,000 can be explained by additional capital invested, and the remaining $73,045 corresponds to change in retained earnings

change in retained earnings = net income - dividends distributed

$73,045 = net income - $36,000

net income = $109,045

3 0

3 years ago