Fair Information Practices: A set of standards developed in the early 1970s to describe how information should be used and protected: usually stated as eight principles in this country and including openness, individual access, collection limitations, data quality, use limits, disclosure limits, security, and accountability. The agriculture community is starting to consider whether it needs such a set of standards, and whether this set is the best model.

 

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Fair Information Practices: A set of standards developed in the early 1970s to describe how information should be used and protected: usually stated as eight principles in this country and including openness, individua . . . View Full Definition

Information Content Effect: The correlation between predicted and actual stock returns, sometimes used to measure the contribution of a financial analyst. An IC of 1.0 indicates a perfect linear relationship between pr . . . View Full Definition

Information Coefficient (IC): Condition that information is known to some, but not all, participants.

Information Asymmetry: Expenses that cannot be adjusted or eliminated such as car payments or rental payments. Antithesis of flexible expenses.