When Businesses Adopt Voluntary Policies for Protecting the Privacy of Individuals

question 30

Multiple Choice

When businesses adopt voluntary policies for protecting the privacy of individuals' information disclosed during electronic transaction, this is called:

• A) Industry self-regulation.
• B) Privacy legislation.
• C) Consumer self-help.
• D) Business privacy regulation.

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Definitions:

Statement About

A declaration or account made about a specific subject, detailing facts or opinions.

Implied Warranty

A legal term for the assumption that a sold product will fulfill its intended purpose.

Fitness for a Particular Purpose

A legal concept that implies a product is suitable for the specific use the buyer intends.

Actual Knowledge

Direct awareness or understanding of a fact or piece of information.