Sam Accesses the Internet and Secures Information (Including Credit History)

question 23

Multiple Choice

Sam accesses the Internet and secures information (including credit history) on another person. If that information is used to purchase products in the other person's name, Sam's actions constitute:

• A) contract interception.
• B) identity theft.
• C) character assassination.
• D) none of the above.

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Definitions:

Technological Advance

Progress in technology that often leads to improvements in efficiency, productivity, and the development of new products.

Venture Capital

Financing that investors provide to startup companies and small businesses that are believed to have long-term growth potential.

Retained Earnings

Profits that a company keeps or reinvests after dividends are paid out to shareholders, often used for research, development, debt reduction, or other investments.

Trade Secrets

Trade secrets are confidential pieces of information that provide a business with a competitive edge, such as formulas, practices, designs, instruments, or patterns that are not generally known or reasonably ascertainable.