According to the Data Protection Act, Which of the Following

question 88

Multiple Choice

According to the Data Protection Act, which of the following should be avoided by the employers?

• A) Restricting access to employee records
• B) Informing employees about the types of data being retained
• C) Keeping as much information and personal details as possible
• D) Purging employee records of outdated data

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Definitions:

Inelastic

describes a situation where the demand or supply for a good is not significantly affected by changes in price.

Relatively Elastic

Describes a situation where demand for a product is sensitive to changes in its price, meaning consumers will significantly reduce or increase their demand based on price changes.

Sensitive

Responsive or easily affected by external conditions or stimuli.

Economic Theory

A concept or principles developed to explain how economies work and how economic agents interact.