Legal Requirements for Businesses

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Questions and Answers

What is the first key legal requirement of the definitive legal standard?

  • To obtain proper licenses and permits for business operations
  • To provide reasonable security for their corporate data and information systems (correct)
  • To maintain accurate financial records
  • To comply with anti-discrimination laws

What is the second key legal requirement of the definitive legal standard?

  • To disclose security breaches to those who may be adversely affected by such breaches (correct)
  • To obtain proper licenses and permits for business operations
  • To implement proper data privacy measures
  • To conduct regular employee training on legal compliance

Based on the text, which one of the following is considered identifying information?

  • Social security number
  • Account number
  • Name
  • All of the above (correct)

What does FTC stand for according to the text?

<p>Federal Trade Commission (B)</p> Signup and view all the answers

What is NOT one of the key legal requirements of the definitive legal standard?

<p>To maintain accurate financial records (D)</p> Signup and view all the answers

Which one of the following is a key legal requirement of the definitive legal standard?

<p>To provide reasonable security for their corporate data and information systems (B)</p> Signup and view all the answers

What is the third key legal requirement of the definitive legal standard?

<p>To conduct regular employee training on legal compliance (A)</p> Signup and view all the answers

Which one of the following is NOT considered identifying information?

<p>Date of birth (A)</p> Signup and view all the answers

What is the abbreviation FTC stand for?

<p>Federal Trade Commission (D)</p> Signup and view all the answers

What is the fourth key legal requirement of the definitive legal standard?

<p>To disclose security breaches to those who may be adversely affected by such breaches (A)</p> Signup and view all the answers

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