Deal of The Day! Hurry Up, Grab the Special Discount - Save 25% - Ends In 00:00:00 Coupon code: SAVE25
Welcome to Pass4Success

- Free Preparation Discussions
Mail Us support@pass4success.com
Location US
Mob_nav_barsMENU

IASSC Exam ICGB Topic 9 Question 78 Discussion

Actual exam question for IASSC's ICGB exam
Question #: 78
Topic #: 9
[All ICGB Questions]

An employee of ACME Corporation noticed that every loan application that gets approved is copied four times and is stored in different locations in the company for no apparent reason. This would be an example of __________________.

Show Suggested Answer Hide Answer
Suggested Answer: D

by Alonzo at Dec 09, 2024, 01:47 AM

Limited Time Offer

25%

Off

Get Premium ICGB Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

Submit Cancel
Audry
3 months ago
Haha, this sounds like a classic ACME move. I bet they're just trying to confuse the quality control guys. Prevention Costs all the way!
upvoted 0 times
Roy
1 months ago
It's definitely a sneaky move by ACME. Prevention Costs is the right choice.
upvoted 0 times
...
Joesph
1 months ago
I think they're just trying to cover up their mistakes. Prevention Costs for sure.
upvoted 0 times
...
Donette
2 months ago
Yeah, ACME always has some interesting tactics. I agree, Prevention Costs make the most sense here.
upvoted 0 times
...
...
Lili
3 months ago
I'm going with External Failure Costs. If these loan applications are for customers, the multiple copies could be a way to ensure they're easily accessible in case of a dispute or audit.
upvoted 0 times
...
Lynelle
3 months ago
Hmm, I'm not sure. It could also be Appraisal Costs, since they're checking the loan applications, but the multiple copies seem a bit excessive.
upvoted 0 times
Gracia
2 months ago
C) External Failure Costs
upvoted 0 times
...
Sue
3 months ago
B) Appraisal Costs
upvoted 0 times
...
Carman
3 months ago
A) Internal Failure Costs
upvoted 0 times
...
...
Lezlie
3 months ago
This is clearly a case of Internal Failure Costs. Storing the same document multiple times for no reason is just inefficient and a waste of resources.
upvoted 0 times
Galen
2 months ago
It's important for companies to minimize internal failures like this to improve overall efficiency and reduce costs.
upvoted 0 times
...
Laquita
2 months ago
I agree, it's a waste of resources. They should be focusing on preventing these unnecessary actions.
upvoted 0 times
...
Howard
3 months ago
That's definitely an example of Internal Failure Costs. It's not efficient to store the same document multiple times.
upvoted 0 times
...
...
Leota
4 months ago
I agree with Santos, because the company is checking the quality of the approved loans.
upvoted 0 times
...
Santos
4 months ago
I think it could be considered as Appraisal Costs.
upvoted 0 times
...
Golda
4 months ago
That sounds like a waste of resources.
upvoted 0 times
...

Save Cancel