Question: A firm purchases data from a third party about customer preferences for laundry detergent. How would you recommend that this firm conduct appropriate due intelligence

A firm purchases data from a third party about customer preferences for laundry detergent. How would you recommend that this firm conduct appropriate due intelligence about whether the third-party data provider follows ethical data practices? An audit? A questionnaire? What questions should be asked?

Step by Step Solution

3.30 Rating (144 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

To ensure that the thirdparty data provider follows ethical data practices the firm should conduct appropriate due diligence by employing a combinatio... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!