Which of the Following Controls in a Computerized Consumer Loan

question 266

Multiple Choice

Which of the following controls in a computerized consumer loan system of a major bank would be the least effective in detecting a fraudulent loan?

• A) All log-in accounts become inaccessible after three incorrect password attempts.
• B) Loan approvals over a pre-determined limit must have management approval.
• C) Customer information is matched to payment data prior to funds disbursement.
• D) System controls prevent supervisors from delegating their approval authority during vacation periods.

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Definitions:

Lower-Level Consciousness

A state of consciousness with reduced awareness and attention, such as during sleep or a daydream.

Higher-Level Consciousness

Refers to an advanced state of awareness, where one is fully engaged and mindful of their thoughts, feelings, and surroundings.

Memory Performance

The efficiency and effectiveness of a person's ability to store, retain, and recall information over time.

Long-Term Memory

The phase of memory responsible for the storage of information over an extended period, potentially a lifetime.