Question

What does fair value for personal data mean?(1 point)

Responses which one is the correct answer and why

A consumer should be paid the cost of the data collection.
A consumer should be paid the cost of the data collection.

A consumer should benefit from the use of the data.
A consumer should benefit from the use of the data.

A consumer should be compensated for any loss from its use.

Answer 1

[AI-generated answer — Bot GPT 3.5]

The correct answer is "A consumer should benefit from the use of the data."

This is because fair value for personal data refers to the idea that individuals should receive some type of benefit, whether monetary or otherwise, in exchange for the use of their personal information by companies or organizations. This benefit could come in the form of improved services, personalized experiences, or incentives. It is not necessarily about being compensated for the cost of data collection or any potential losses from its use.