What Is a Business That Collects Personal Information About Consumers

question 55

Multiple Choice

What is a business that collects personal information about consumers and sells that information to other organizations?

• A) Repository
• B) Data warehouse
• C) Data aggregation
• D) Data broker

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Definitions:

Affirmed

In legal terms, it means a decision or judgment has been confirmed or upheld by a higher court.

Declared Bankrupt

The legal status of an individual or entity that cannot repay the debts they owe to creditors, formally recognized by a court.

Capacity To Contract

The legal ability of a person to enter into a binding contract, typically requiring that the individual is of a certain age and sound mind.

Necessaries

Goods or services that are essential for someone’s maintenance and welfare according to their status in life and their requirements at the time of contract.