Do Electronic Accounting Information Systems Pose More of a Threat

question 11

Multiple Choice

Do electronic Accounting Information Systems pose more of a threat to customer privacy than paper based systems?

• A)No because the data cannot be read by a human.
• B)Yes because organisations always sell the data onto marketing companies.
• C)No because there are laws that protect the privacy of customers.
• D)Yes because organisations can collect more data about more people than ever before.

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Definitions:

Rationing Mechanism

A system or method used to allocate scarce goods, services, or resources among people with competing demands.

Market Economies

Economic systems where decisions on production, investment, and distribution are based on supply and demand, and prices of goods and services are determined in a free price system.

Price

The fund amount deemed necessary, expected, or allocated for a service or good.

Quantity Demanded

The total amount of a good or service that consumers are willing and able to purchase at a specific price point, at a given time.