Match the Privacy Principle to the Correct

question 6

Multiple Choice

Match the privacy principle to the correct
-Security for Privacy
definition.

• A)The entity defines, documents, communicates, and assigns accountability for its privacy policies and procedures.
• B)The entity provides information about its privacy policies and procedures and identifies the purposes for which personal information is collected, used, retained, and disclosed.
• C)The entity limits the use of personal information to the purposes identified in the notice and for which the individual has provided implicit or explicit consent. The entity retains personal information only for as long as necessary to fulfill the stated purposes.
• D)The entity maintains accurate, complete, and relevant personal information for the purposes identified in the notice.
• E)The entity shares personal information to third parties only for the purposes identified in the notice and with the implicit or explicit consent of the individual.
• F)The entity monitors compliance with its privacy policies and procedures and has procedures to address privacy-related complaints and disputes.
• G)The entity provides individuals their personal information for review and update.
• H)The entity collects personal information only for the purposes identified in the notice.
• I)The entity describes the choices available to the individual and obtains implicit or explicit consent with respect to the collection, use, and disclosure of personal information.
• J)The entity protects personal information against unauthorized access (both physical and logical).

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Definitions:

Willingness To Pay

The greatest sum a consumer is ready to spend for a good or service, showcasing the importance they assign to it.

External Cost

Costs that are not borne by the producers or users of a good or service, but rather by society or third parties, often not reflected in market prices.

Social Optimum

The most efficient allocation of resources that maximizes the overall benefit to society.

Supply Curve

A graphical representation showing the relationship between the price of a good and the quantity of that good that suppliers are willing to sell.