When Businesses Adopt Voluntary Policies for Protecting the Privacy of Individuals

question 37

Multiple Choice

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

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

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Definitions:

10-Year Bond

A long-term debt security issued by governments or corporations with a maturity of ten years.

Transaction

The act of conducting a trade or business deal involving the exchange of goods, services, or financial assets.

Signaling

A concept in economics and finance where agents indirectly convey information about their qualities or intentions through their actions.

Liquidity

With respect to a company, the ability to pay its bills in the short run. With respect to an asset, the readiness with which it can be converted to cash.