Which of the Following Is a Core Fair Information Practices

question 38

Multiple Choice

Which of the following is a core Fair Information Practices (FIP) principle?

• A) Choice/Consent
• B) Access/Participation
• C) Security
• D) Enforcement

Acknowledge the comparative profitability of long-term versus short-term customer relationships.

Identify key components necessary for calculating customer lifetime value.

Comprehend the significance of customer acquisition and retention costs.

Understand the application of the customer portfolio matrix in categorizing customers.

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Definitions:

For Deposit Only

An endorsement on a check specifying that the check must be deposited into an account and not cashed.

Negotiation

The process in which two or more parties discuss an issue with the aim of reaching a mutually acceptable agreement.

Breach

A violation or infringement of a legal obligation, contract, or duty.

Transfer

The process of transferring something from one individual, location, or scenario to another.