The purpose of the Truth-in-Lending Act is to:
A: Regulate usurious charges for credit;
B: Establish a maximum annual percentage rate;
C: Assure a meaningful disclosure of credit terms;
D: Limit the cost of credit to the consumer.
Answer: C: Assure a meaningful disclosure of credit terms;
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The Assembling Department of Mat Liners, Inc. had 8,000 units in process on December 1 and received 15,000 units from the Sewing Department. Calculate the number of units to account for by the Assembling Department for December
A) 23,000 units B) 15,000 units C) 8,000 units D) 7,000 units
If an organization asks you to disclose your date of birth and your address, but fails to take any steps to protect your private information, the organization has likely violated which of the Generally Accepted Privacy Principles?
A) Collection. B) Access. C) Security. D) Quality.