Opportunities and Advancements in the Technological Environment During the Past

question 39

Multiple Choice

Opportunities and advancements in the technological environment during the past 20 years have opened the doors for a number of products that enhance the lives of consumers. Identity theft and other forms of cybercrime are also by-products of these technological advancements. Which of the following statements describes a form of identity theft?

• A) Smartphone applications that permit the consumer to price compare by scanning the barcode of a product, such as a blu-ray.
• B) Hacking into a business's database to obtain customer credit card numbers, and then selling those numbers to others for use.
• C) Navigation technology that permits you to find the exact location of a person, by entering that person's phone number into your application.
• D) The application of cookies to a consumer's computer system that identifies his/her purchasing patterns.

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Definitions:

Depreciation

The process of allocating the cost of tangible assets over their useful lives, reflecting the decrease in value of an asset over time due to use and obsolescence.

Consumption of Fixed Capital

The depreciation of physical assets' value over time due to use, wear and tear, or obsolescence.

Negative Investment

Investment activities that lead to a decrease in the capital stock or value of assets over time.

GDP

The Gross Domestic Product represents the sum of the market or monetary value of every finished product and service made inside a nation's boundaries over a particular time frame.