Which of the Following Statements About Transborder Data Flow Is

question 44

Multiple Choice

Which of the following statements about transborder data flow is not true?

• A)The European Data Directive of 1998 standardized privacy protection among EU nations.
• B)The European Data Directive of 1998 allowed for the transfer of personal data to systems located in the United States and other nations where these systems met European privacy standards.
• C)The General Data Protection Regulation (GDPR)provides additional privacy protection for European citizens and applies to all data produced by EU citizens.
• D)The GDPR applies to all companies collecting data on EU citizens even if they are not located in the EU.
• E)The GDPR applies only to citizens of the EU and does not apply to non-citizen residents.

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Definitions:

Optimal Prices

The price point at which a business can sell its goods or services to maximize its profit margin without losing demand.

Homogenous Goods

Products that are essentially identical, where each unit is the same as every other unit in terms of attributes and quality.

Nash Equilibrium

A concept within game theory where the optimal outcome of a game is one where no player has an incentive to deviate from their chosen strategy after considering an opponent's choice.

Price Competition

A market condition where businesses compete primarily on the price of their products or services rather than quality or innovation.