Which of the Following Is a Provision Under the Federal

question 56

Multiple Choice

Which of the following is a provision under the federal Fair and Accurate Credit Transactions Act of 2003?

• A) Consumers can "flag" their credit files if they think they are at risk of becoming a victim of identity theft or fraud.
• B) A warrant is required to obtain historic geographic tracking information from an individual's cell phone service provider during a criminal investigation.
• C) Financial institutions must give notice to their customers before sharing personal information with other entities and give customers the right to opt out of disclosures to third parties.
• D) All employers are required to develop privacy policies and procedures to safeguard protected health information.

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Definitions:

Differential Piece Rate

A compensation system where workers are paid based on the quantity of work produced, with rates that can vary depending on performance levels reached.

Standard Hour Plans

Compensation packages that offer wages based on the number of hours worked, adjusted by efficiency or predetermined standards.

Piecework Plans

A compensation system where employees are paid based on the quantity of work completed, rather than on the number of hours worked.

Incentive Pay

Financial or non-financial rewards given to employees based on their performance, as a way to motivate higher productivity and achieve company goals.