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Questions and Answers
What is the role of electronic codes in electronic transactions according to the text?
What is the role of electronic codes in electronic transactions according to the text?
- Offering discounts and promotions to users
- Ensuring compliance with regulations and reducing cyber risks (correct)
- Creating barriers to international transactions
- Increasing cyber risks and ignoring regulations
Which legislation oversees data privacy in the Philippines?
Which legislation oversees data privacy in the Philippines?
- Electronic Commerce Act of 2000
- Data Privacy Act of 2012 (correct)
- Implementing Rules and Regulations (IRR)
- National Privacy Commission (NPC)
What do electronic codes contribute to international company operations?
What do electronic codes contribute to international company operations?
- Creating barriers to international operations
- Ignoring international standards
- Increasing cyber risks
- Facilitating transactions across borders (correct)
Who is responsible for enforcing laws related to electronic transactions and data privacy in the Philippines?
Who is responsible for enforcing laws related to electronic transactions and data privacy in the Philippines?
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What specific provisions are businesses in the Philippines required to comply with regarding data privacy?
What specific provisions are businesses in the Philippines required to comply with regarding data privacy?
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How do electronic codes contribute to fostering trust among users?
How do electronic codes contribute to fostering trust among users?
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