Burns Medicine Shop Developed a Web Site Where Customers Could

question 40

Multiple Choice

Burns Medicine Shop developed a Web site where customers could ask the pharmacists questions and could refill prescriptions online.What statute requires Burns to have and disclose a privacy policy to anyone using the Web Site?

• A) The FTC Act.
• B) The Electronic Communications Privacy Act.
• C) The Gramm-Leach-Bliley Privacy Act.
• D) No statutes presently require Web sites to have or disclose a privacy policy.

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Definitions:

Revenues

Income generated from normal business operations, often from the sale of goods and services to customers.

Expenses

Costs incurred by a business or individual in the process of earning revenue, ranging from utilities to salaries.

Drawing Account

An account used to record withdrawals made by an owner from the business for personal use.

Owner's Capital Account

An equity account that represents the owner's invested capital plus any retained earnings or minus any withdrawals.