Which of the Following Precepts Is Not Part of the Code

question 10

Multiple Choice

Which of the following precepts is not part of the Code of Fair Information Practices?

• A) There must be no personal data record-keeping systems whose very existence is secret.
• B) There must be a way for a person to find out what information about the person is in a record and how it is used.
• C) There must be a way for a person to correct or amend a record of identifiable information about the person.
• D) There must be a way for a person to collect damages for financial losses caused by incorrect information about that person stored in a data record-keeping system.
• E) There must be a way for a person to prevent information obtained for one purpose being used or made available for other purposes without the person's consent.

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Definitions:

Legal Capital

is the portion of a company's equity that cannot legally be distributed to shareholders and is meant to protect creditors.

Cash Dividends

Cash distributions from a corporation to its shareholders, representing the profit share paid out.

Shares Reacquired

Securities that were previously sold to the public and then bought back by the issuing company.

Originally Issued

Refers to securities or financial instruments that are provided to investors directly from the issuer for the first time.