You Have Recently Gone into Business as a Consultant, Specializing

question 27

Multiple Choice

You have recently gone into business as a consultant, specializing in the area of online consumer protection. As part of your services, you offer a seminar to business owners on how they can prevent identity theft. Which of the following practices will you suggest to your clients?

• A) implementing electronic contracting and instantaneous communication
• B) utilizing an open- access network
• C) adopting authentication procedures that collect only necessary personal identifiers
• D) transacting as a mere conduit
• E) all of the above

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Definitions:

OPEC

The Organization of the Petroleum Exporting Countries (OPEC) is an intergovernmental organization of oil-producing countries that coordinates and unifies the petroleum policies of its member states.

Efficient Allocation

The distribution of resources in a way that maximizes the net benefit to society or achieves a desired outcome effectively.

Equitable Allocation

The fair and just distribution of resources among different groups or individuals.

Gains From Trade

The increase in utility or welfare that countries or individuals can achieve by specializing in the production of goods they are relatively more efficient at and exchanging them.