Match the Privacy Principle to the Correct

question 99

Multiple Choice

Match the privacy principle to the correct
-Monitoring and Enforcement
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:

Highly Elastic

Describes a situation where demand for a product is highly sensitive to changes in price, leading to significant changes in quantity demanded.

Highly Inelastic

A situation in which demand or supply changes very little in response to large changes in price, often applicable to essential or unique goods and services.

Herfindahl Index

An economic indicator used to measure the size of companies in relation to the industry and the level of competition among them.