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An intruder with malicious intent breaks into an office and steals a hard drive containing sensitive information about the company’s business. However, when attempting to access the drive’s contents, the intruder is met with the company’s authentication protocols and data encryption measures. What type of security is illustrated in this example? |
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Answer» Explanation: Under normal course of business, goods sold to customers is treated as sale immediately when the goods are sold, with corresponding revenue from such sale being recognized in the prot and loss account. However, when a businessman wants to increase his sales or introduce a new product in the market, he usually faces hardship due to competition PREVAILING in the market. To counter it, goods are sometimes sent to the customers on sale or return basis. Here, goods sent on ‘approval’ or ‘on return’ basis MEANS goods are delivered to the customers with the option to retain or return them within a specied period. Generally, these transactions take place between a manufacturer (or a wholesaler) and a retailer. In current scenario, this practice is prevalent in CASE of online sales, where the buyer is given time of few days to return the goods if the buyer believes that the specications of goods are dierent from the same MENTIONED on website at the time of sale. There may be certain terms and conditions to administrate the return of goods. Following are essentially the features of sale of goods on approval or return basis |
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