Compare and Contrast the Two Informed Consent Models: Opt-In and Opt-Out

question 49

Short Answer

Compare and contrast the two informed consent models: opt-in and opt-out. Why do companies prefer one over the other? Why do privacy advocates prefer one over the other?
Section reference 1: Privacy

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Definitions:

Special Journals

Accounting journals designed for the repeated recording of specific types of transactions, such as sales or purchases, to streamline the accounting process.

Cash

A form of liquid asset that represents the currency that a business or individual can immediately access and use for transactions.

Receivables

Funds that are owed to a company by its customers or clients for goods or services already delivered.

Payables

Short-term liabilities of a company, representing amounts owed to suppliers or creditors for goods and services received but not yet paid for.