If an organization asks you to disclose your social security number, yet fails to properly dispose of your private information once it has fulfilled its purpose, the organization has likely violated which of the Generally Accepted Privacy Principles

Which of the following is an example of exercising internal control over receivables?

A) separating cash collection and credit approval duties B) extending credit to all customers who apply for credit C) combining the duties of the credit and accounting departments D) allowing credit department employees to collect cash from customers

Which of the following statements, if any, is correct concerning the relationship between an effective interest rate and a nominal interest rate:

A: The effective rate is the rate the buyer will pay; the nominal rate is the rate named in the loan application; B: The effective interest rate is always lower because the nominal interest rate includes charges other than interest; C: The effective interest rate is the rate actually paid by the borrower for the use of the money; the nominal interest rate is the rate specified in the note; D: None of the above is correct.