If an organization asks you to disclose your social security number, but fails to tell you about its privacy policies and practices, the organization has likely violated which of the Generally Accepted Privacy Principles?

A) Management.
B) Notice.
C) Choice and consent.
D) Use and retention.

Answer: B

Business

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During 2004, Allied Associates had $750,000 of net credit sales. Accounts Receivable had a December 31, 2004, balance of $250,000. No amounts have been added to the Allowance for Doubtful Accounts during 2004. Before adjustment on December 31, 2004, the Allowance for Doubtful Accounts had a credit balance of $2,000. Allied estimates that 6% of receivables will become uncollectible. What will be the adjusted balance in Allowance for Doubtful Accounts at December 31?

a. $43,000 b. $47,000 c. $45,000 d. $15,000

Business

Ruby was offended by an ad spokesperson and wondered why anyone would want to do business with a company that thought being obnoxious was good business practice. In terms of the communication process, what happened?

a. Ruby improperly decoded the message. b. Ruby created a longer than normal communication channel. c. Ruby correctly encoded the message. d. Ruby improperly encoded the message.

Business