Governments Around the World Are Debating Privacy Issues and Considering

question 88

Multiple Choice

Governments around the world are debating privacy issues and considering various forms of legislation. One area central to the privacy debate is opt-in versus opt-out. Those preferring the opt-in standard do so because this standard would:

• A) Make privacy the default for consumers
• B) Make privacy the default, if a consumer calls in to request no data sharing
• C) Make sharing private information the default
• D) It would match the existing policy of most Internet-based companies

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Definitions:

Corporation

A legal entity that is separate and distinct from its owners, which can own assets, incur liabilities, and is taxed on its profits.

Dividends Received Deduction

A tax deduction that a corporation can claim for dividends received from other corporations within the same tax group.

Taxable Income

The portion of an individual's or entity's income used to determine how much tax is owed to the government in a given tax year.

Domestic Corporation

A corporation that is registered, operates, and is taxed in its home country, adhering to the legal and regulatory standards of that country.