The FIP principle of Notice/Awareness states that:
A) customers must be allowed to choose how their information will be used for secondary purposes other than the supporting transaction.
B) data collectors must take responsible steps to assure that consumer information is accurate and secure from unauthorized use.
C) there must be a mechanism in place to enforce FIP principles.
D) Websites must disclose their information practices before collecting data.
E) consumers should be able to review the data collected about them.
D
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Green was unable to repay a loan from State Bank when due. State refused to renew the loan unless Green provided an acceptable surety. Green asked Royal, a friend, to act as surety on the loan. To induce Royal to agree to become a surety, Green fraudulently represented Green's financial condition and promised Royal discounts on merchandise sold at Green's store. Royal agreed to act as surety and the loan was renewed. Later, Green's obligation to State was discharged in Green's bankruptcy. State wants to hold Royal liable. Royal may avoid liability
A. If Royal can show that State was aware of the fraudulent representations. B. If Royal was an uncompensated surety. C. Because the discharge in bankruptcy will prevent Royal from having a right of reimbursement. D. Because the arrangement was void at the inception.
Decentralization of production is appropriate when the product does not serve universal needs.
a. true b. false