In 2010,the FTC Added All of the Following Recommendations to Its

question 77

Multiple Choice

In 2010,the FTC added all of the following recommendations to its privacy guidelines except:

• A)firms should build products and services that protect privacy.
• B)firms should increase the transparency of their data collection.
• C)firms should require consumer consent and provide clear options to opt out of data collection.
• D)firms should limit the length of time that any personal data is stored to six months or less.
• E)consumers should be able to review and contest the accuracy and completeness of data.

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Definitions:

Monthly Basis

Refers to any activity or calculation done or occurring every month.

Set-Up Costs

Expenses incurred to prepare and configure equipment or processes for production.

Activity-Based Costing

An approach to costing that recognizes organizational activities and distributes each activity's costs to every product and service, reflecting their real consumption.

High-Low Method

A technique used in cost accounting to estimate fixed and variable costs based on the highest and lowest levels of activity.