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KonstantinChe [14]
3 years ago
12

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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The advertised claim for batteries for cell phones is set at 48 operating hours, with proper charging procedures. a study of 500
gregori [183]

Answer:

The answer is NO. The experimental results did not support the claim that less than 0.2 percent of the company's batteries would fail during the advertised time period.

Explanation:

From the illustration, for 15 batteries to fail out of 5000 batteries that means a 0.3 percent failure. Hypothetically, since there has been a claim that about 0.2 per cent will fail and we now have a confirmed failure rate of 15 in 5000 or 0.3 per cent rate, then we can infer that the hypothesis of 0.2 percent may be incorrect after all since it is still less than the confirmed rate of 0.3 per cent failure. Thus, since 0.3 rate is higher than 0.2 rate, then the hypothesis is wrong by a margin  of 0.1 percent.

5 0
3 years ago
In order to compute equivalent units of production using the FIFO method of process costing, work for the period must be broken
bazaltina [42]

Answer:

C. completed from beginning inventory, started and completed during the month, and units in ending inventory

Explanation:

During the period, the work done is:

the last part of the beginning WIP

If BI is at 40% complete

During the period 60% is assign to this period cost

the started and complete, those count entirely, as they are finished.

and the equivalent work of the endind inventory

this is also work done during the period, so it should be accounted to assing cost into.

5 0
3 years ago
Which of the statements is not true? A marginal cost curve will always intersect the average total cost curve at the minimum ave
pychu [463]

Answer: The correct answer is "Costs that are small and unimportant with little impact on profits are called marginal costs."

Explanation: The statement "Costs that are small and unimportant with little impact on profits are called marginal costs." Is not TRUE because as the following statement says the marginal cost is the change in a firm's total cost due to a one‑unit change in output.

8 0
3 years ago
Sue and Andrew form SA general partnership. Each person receives an equal interest in the newly created partnership. Sue contrib
marusya05 [52]

Answer:

The correct answer is $0.

Explanation:

According to the scenario, both partners have contributed the land and building for interest.

But under section 721a, it states that in the case of submission of land to the partnership in return for a share in the partnership no benefit or loss shall be acknowledged to a partnership or to any of its members.

So, from the above statement, it is clear that there will be no gain or loss to both partners.

Hence, $0 gain is recognized on the transfer of these assets from Sue and Andrew

3 0
3 years ago
M1 money growth in the U.S. was about 15% in 2011 and 2012, and 10% in 2013. Over the same time period, the yield on 3-month Tre
Ilya [14]

Answer:

The reason is that high rates of money growth actually lower interest rates.

Explanation:

During economic hardship, governments employ expansionary fiscal policy: this policy consists in the central bank (the Fed in the case of the U.S.) printing money to lower interest rates. The reason is that more money in the economy raises the availability of loanable funds, and this reduces in turn the interest rates that securities pay.

Government bonds, being the safest security, will have their interest rates reduce substantially during times of high money growth due to expansionary fiscal policy.

4 0
2 years ago
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