When businesses adopt voluntary policies for protecting the privacy of individuals' information disclosed during electronic transaction, this is called:
A) Industry self-regulation.
B) Privacy legislation.
C) Consumer self-help.
D) Business privacy regulation.

Question

Quizplus · Accepted Answer

Industry self-regulation refers to policies, guidelines, and codes of conduct voluntarily adopted by a particular industry or sector to protect consumers' privacy. This approach allows businesses to take proactive measures to protect privacy without being mandated by government regulations, which can be time-consuming and costly to implement.

When Businesses Adopt Voluntary Policies for Protecting the Privacy of Individuals