Service Providers Need Not Be Cautious of Privacy Issues When

question 32

True/False

Service providers need not be cautious of privacy issues when they create and use their customer databases.

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Definitions:

General Purpose

Aimed to serve a wide range of uses or objectives rather than being specialized for a specific function or task.

Financial Reporting

The method of generating reports that reveal the financial condition of an organization to its management, investors, and governmental bodies.

Legal System

A comprehensive system of rules and principles organized to regulate societal behaviors, enforced through institutions.

Common Law

A system of law based on judicial decisions and precedent rather than statutes.