What Is the Most Detrimental Consequence of Identity Theft

question 30

Multiple Choice

What is the most detrimental consequence of identity theft?

• A)The loss of physical assets.
• B)The loss of credit, reputation, and erroneous information.
• C)Time lost in reporting the fraud.
• D)The actual loss of money.

---

Definitions:

Accounting Information System

A system of collecting, storing, and processing financial and accounting data used by decision makers.

Data Collection

The process of gathering and measuring information on variables of interest in an established systematic fashion, enabling one to answer stated research questions.

Information Dissemination

The process of distributing or spreading information to a wide audience, often used in contexts of marketing, public relations, and information technology.

Control Accounts

General ledger accounts that consolidate and summarize the detailed information from subsidiary ledgers.