Retail MarkUp, Inc

question 12

Multiple Choice

Retail MarkUp, Inc., collects and amasses considerable information about its customers.Under President Obama's proposed Consumer Privacy Bill of Rights, Retail MarkUp will have to

• A)do nothing different.
• B)use the data for marketing or delete the data from its servers.
• C)pass the information on to the government and no other third party.
• D)allow consumers to set limits on the information collected about them.

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Definitions:

NAFTA

The North American Free Trade Agreement, a treaty between the United States, Canada, and Mexico that eliminates most tariffs on trade between them.

CISG

The United Nations Convention on Contracts for the International Sale of Goods, a treaty providing a uniform framework for international commerce.

UCC

As a detailed legal framework, the Uniform Commercial Code specializes in overseeing a variety of commercial transactions across the United States.

GATT

The General Agreement on Tariffs and Trade, an international treaty designed to reduce tariffs and other trade barriers.