Final answer:
Option 4: Purpose specification is not a principle of the FTC's Code of Fair Information Practices. The FTC focuses on notice, choice, access, security, and enforcement to protect consumer data and ensure informed consumer choice in competitive markets.
Step-by-step explanation:
The principle from the FTC's Code of Fair Information Practices that is not one of its components is Option 4: Purpose specification.
The FTC's Code consists of several principles designed to ensure the fair handling of personal information, which include notice to individuals about the collection of their data, choice regarding how their information is used, access by individuals to their data, and the security of the information provided. However, 'purpose specification' is not explicitly named as one of these principles.
According to the policies of the Federal Trade Commission (FTC), they are geared towards ensuring informed consumer choice and promoting an understanding of the competitive process.
The FTC collaborates with the Federal Communications Commission (FCC) to oversee and enforce regulations on Internet Service Providers (ISPs), ensuring compliance with disclosure obligations, investigating deceptive practices, and issuing enforcement action as needed. This approach aligns with the FTC's broader mission to protect consumers and maintain a competitive market.