Discuss the two federal statutes that give Americans the power to acquire or protect personal information
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Any citizen or executive may make a Freedom of Information Act (FOIA) request to any federal government agency. It is simply a written request that the agency furnish whatever information it has on the subject specified. Two types of data are available under FOIA. Anyone is entitled to information about how the agency operates, how it spends its money, and what statistics and other information it has collected on a given subject. Second, all citizens are entitled to any records the government has about them. You are entitled to information that the Internal Revenue Service, or the Federal Bureau of Investigation, has collected about you.
The statute that protects our personal information is the Privacy Act. This 1974 statute prohibits federal agencies from giving information about an individual to other agencies or organizations without written consent. There are exceptions, but overall this act has reduced the government's exchange of information about us "behind our back."
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Positive operating income will result if gross margin exceeds
A) operating expenses. B) purchases. C) cost of goods sold. D) cost of goods sold minus operating expenses.
Under the due diligence defense to a Section 11 action under the Securities Act of 1933:
A) Any defendant can assert a due diligence defense. B) Any defendant except the issuer can assert a due diligence defense. C) Existence of the defense will replace criminal liability with a lesser civil liability. D) Only the issuer can assert a due diligence defense. E) The due diligence defense must be asserted together by all defendants, or not at all.
The time it takes to completely tune an engine of an automobile follows an exponential distribution with a mean of 40 minutes
a. What is the probability of tuning an engine in 30 minutes or less? b. What is the probability of tuning an engine between 30 and 35 minutes?
Session Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on direct labor-hours. The company based its predetermined overhead rate for the current year on the following data: Total direct labor-hours 70,000Total fixed manufacturing overhead cost$511,000Variable manufacturing overhead per direct labor-hour$2.10Recently, Job K913 was completed with the following characteristics: Total direct labor-hours 150Direct materials$705Direct labor cost$4,650The total job cost for Job K913 is closest to: (Round your intermediate calculations to 2 decimal places.)
A. $5,355 B. $6,060 C. $2,115 D. $6,765