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3 years ago

The Gramm-Leach-Bliley Act

Business

1 answer:

Feliz [49]3 years ago

7 0

Answer: a. requires financial institutions to ensure the security of customer data.

Explanation:

The Gramm–Leach–Bliley Act (GLBA), which is also known as the Financial Services Modernization Act of 1999 is an act of the 106th United States Congress.

The Act requires that Financial Institutions such as commercial banks, investment banks, securities firms, and insurance companies under the FINANCIAL PRIVACY rule ensure that they explained their information sharing principles of their customers' information to their customers and to safeguard sensitive data.

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Can a broker arbitrarily penalize an independent contractor based on varying factors, such as the sales agent's difficulty in cl

Irina18 [472]

Answer:

Explanation:

An independent contractor is a business person or entity who works for an employer based on an agreed-upon contract which affords him the flexibility of choosing how and when he accomplishes a task. The employer has the right to control the results of his work but has little or no say on how and when the job is done.

An independent contractor is not bound to work specific hours dictated by an employer. When the sale's agent finds it difficult to close a deal or is unable to produce paperwork in a timely fashion, he cannot just be arbitrarily penalized by the broker. The broker could terminate the contract if the agent does not meet up to his requirements.

8 0

3 years ago

A TIPS was issued with a par value of $1000, a coupon rate of 2.5 percent, and a reference CPI of 204.89. What is the correct ca

Andre45 [30]

Answer:

$12.53

Explanation:

Data provided in the question

Par value = $1,000

Coupon rate = 2.5%

Reference CPI = 204.89

Now CPI = 205.44

By considering the above information, the correct calculation of the current interest payment is

= Par value × Current CPI ÷ Reference CPI × Coupon rate ÷ 2

= $1,000 × 205.44 ÷ 204.89 × 2.5% ÷ 2

= $12.53

We assume the interest is on semi annual payments

5 0

3 years ago

The use of symbols such as charts, graphs, and signs are best classified as * 1 point oral communication written communication v

Verdich [7]

Answer:

visual communication

Explanation:

Communication can be defined as a process which typically involves the transfer of information from one person (sender) to another (recipient), through the use of semiotics, symbols and signs that are mutually understood by both parties.

Generally, there are four (4) main types of communication and these includes;

I. Verbal (oral) communication.

II. Non-verbal communication.

III. Written communication.

IV. Visual communication.

Visual communication can be defined as the use of visual elements and symbols such as charts, graphs, and signs to convey ideas and information that effectively creates meaning to the recipient.

In conclusion, visual communication is strictly based on vision or sight.

6 0

3 years ago

Is it possible to decrease inflation without causing a recession and its concomitant increase in unemployment? The orthodox answ

NeTakaya

Answer:

The answer is: E) It would not necessarily be considered high elsewhere

Explanation:

Usually the inflation rate in the US and Europe is around 1-3%. In the early 1980's the US inflation rate was above 10% so it was considered huge. But if you consider it against inflation rates in other countries, like Argentina for example, which currently has an annual inflation rate of over 60% then it wasn't that big. During the 1980's many countries suffered from hyperinflation, with monthly inflation rates of over 50%.

So the high inflation rate in the US and Europe wasn't necessarily high for other countries.

5 0

3 years ago

The manufacturing overhead budget at Polich Corporation is based on budgeted direct labor-hours. The direct labor budget indicat

Anastasy [175]

Answer:

Total overhead cash disbursement= $155,160

Explanation:

Giving the following information:

The direct labor budget indicates that 7,500 direct labor-hours will be required in February. The variable overhead rate is $8.40 per direct labor-hour. The company's budgeted fixed manufacturing overhead is $110,250 per month, which includes depreciation of $18,090.

First, we need to calculate the allocated variable overhead:

Variable overhead= 7,500*8.4= 63,000

Depreciation is not a cash disbursement:

Fixed overhead= 110,250 - 18,090= 92,160

Total overhead cash disbursement= 63,000 + 92,160= $155,160

8 0

3 years ago