Which of the Following Statements Is True About Credit-Card Fraud

question 17

Multiple Choice

Which of the following statements is true about credit-card fraud?

• A) Because of high-tech security, credit-card fraud online occurs less frequently than through mail-order catalogs.
• B) Traditional storefront retailers have the worst problems with credit card fraud because most allow you to swipe the credit card yourself.
• C) Credit-card fraud is not a major issue for consumers who shop online.
• D) Credit-card fraud is a major issue for businesses and consumers.
• E) Credit-card fraud is 100 percent preventable through increased security measures, but companies have not used resources to prevent this type of fraud.

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Definitions:

Safer Cars

Vehicles designed with enhanced safety features to protect occupants and reduce the risk of accidents.

Investing

Distributing financial resources with the aim of earning revenue or gains.

Covenants

Agreements or clauses, especially in contracts and property leases, that stipulate actions the parties must perform or avoid.

Monitoring

The process of systematically observing, checking, and recording activities or data to ensure standards are met or progress is being made.