A Company Has a Data Classification System with Definitions for "Private

question 289

Multiple Choice

A company has a data classification system with definitions for "Private" and "Public". The company's security policy outlines how data should be protected based on type. The company recently added the data type "Proprietary". Which of the following is the MOST likely reason the company added this data type?

• A) Reduced cost
• B) More searchable data
• C) Better data classification
• D) Expanded authority of the privacy officer

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Definitions:

Monopolistically Competitive

A market structure where many companies sell products that are similar but not identical, allowing for significant competition based on quality, branding, and price.

Incurring A Loss

Experiencing a financial deficit where expenses exceed revenues.

Monopolistically Competitive

A market structure characterized by many firms producing similar, but not identical, products and where there are few barriers to entry or exit.

Raises Prices

Refers to the action or factor that causes the price of goods or services to increase.