The Gramm-Leach Bliley Act Prohibits

question 34

Multiple Choice

The Gramm-Leach Bliley Act prohibits:

• A)telemarketers from selling information to corporations.
• B)the use of false pretenses to access the personal information of others.
• C)public from accessing the criminal database of FBI.
• D)customers to opt out of information sharing.

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Definitions:

Perfect Mobility

An economic condition where factors of production such as labor and capital can be easily moved across industries or geographies without costs or barriers.

Perfect Knowledge

A hypothetical situation in which all parties in the market have complete and absolute information about the market conditions and variables.

Variable Costs

Costs that change in proportion to the level of production or business activity.

Total Revenue

The total income generated by the sale of goods or services related to the company's primary operations.