Frisell Says: the Most Important Online Threat Facing Us Today

question 5

Multiple Choice

Frisell says: The most important online threat facing us today is identity theft.Consumers must rely on online shopping today more than ever,and they are exposed to all kinds of dangers by people gaining access to credit cards,bank information,and Social Security numbers.Identity theft is a lucrative "business," and identity thieves will keep finding new ways to rip off consumers as long as online shopping and transactions are widespread. Scofield responds: Consumers have suffered from online theft,but the most far-reaching danger to people today from the Internet is viruses and malware.These have the capacity to take down entire networks,affecting both businesses and consumers.It's not clear that anti-virus measures will ever be able to keep up with all the threats that are out there.
Scofield's claim assumes which of the following?

• A)Viruses can be spread through various parts of a network.
• B)Current anti-virus measures are adequate to deal with current threats.
• C)Consumers are sufficiently aware of the importance of keeping their systems virus-free.
• D)Businesses are sufficiently aware of the importance of keeping their systems virus-free.
• E)Identity thieves do not use malware to steal consumers' identities.

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Definitions:

Demand Data

Information related to the quantity of a good or service consumers are willing and able to purchase at various prices.

Specific Firm

Refers to a particular company or business entity that operates in a competitive market.

Demand Schedule

A table that shows the quantity of a good or service that consumers are willing to buy at different price points.

Profit-Maximizing

A strategy where businesses aim to achieve the highest possible profit given their resources, market conditions, and constraints.