Burns Medicine Shop Developed a Web Site Where Customers Could

question 40

Multiple Choice

Burns Medicine Shop developed a Web site where customers could ask the pharmacists questions and could refill prescriptions online.What statute requires Burns to have and disclose a privacy policy to anyone using the Web Site?

• A) The FTC Act.
• B) The Electronic Communications Privacy Act.
• C) The Gramm-Leach-Bliley Privacy Act.
• D) No statutes presently require Web sites to have or disclose a privacy policy.

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Definitions:

Opportunity Cost

Opportunity Cost is the value of the next best alternative foregone as the result of making a decision.

Production Possibility Frontier

A curve depicting all maximum output possibilities for two goods, given a set of inputs consisting of resources and other factors.

Optimal Point

The most desirable outcome or position where benefits are maximized, and costs are minimized based on certain criteria or constraints.

Marginal Rate

The rate at which one variable changes with respect to a change in another variable, often used in the context of taxes or interest rates.