____ Occurs When an Individual Uses the Personal Information of Someone

question 16

Multiple Choice

____ occurs when an individual uses the personal information of someone else to impersonate that individual with the intent to commit fraud or other crimes.

• A) Identity theft
• B) Spam
• C) DoS attack
• D) Phishing

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Definitions:

Deposits In Transit

Funds that have been received and recorded by a business, but not yet processed or recorded by the bank.

Timing Difference

Differences between when transactions affect the book balances and bank balances, often seen in accounting reconciliations.

Credit Memo

A document issued by a seller to a buyer, reducing the amount that the buyer owes to the seller under the terms of an earlier invoice.

Debit Memo

A document issued by a bank to indicate a deduction from the account holder's balance, often for service fees or adjustments.