In A(n) _____ Policy Approach, a Company That Collects Information

question 55

Multiple Choice

In a(n) _____ policy approach, a company that collects information does not use the information for any other purpose unless the customer specifically chooses to allow that use.

• A) opt-out
• B) lock-in
• C) fair-use
• D) opt-in

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Definitions:

Credit Extension

The act of lending additional credit to borrowers or the period for which the credit is extended.

Receivables Financing

A form of financing where a company uses its accounts receivable as collateral to obtain a loan or advance, improving cash flow.

Variable Cost Per Unit

The cost that varies with the level of output or production, such as materials and labor, calculated on a per unit basis.

Monthly Interest Rate

Monthly interest rate refers to the percentage of interest that is charged or earned on a loan or investment for each month.