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IASSC ICGB Exam - 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 __________________.

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Suggested Answer: D

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

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Chauncey
3 months ago
Interesting point, but why not just keep one copy?
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Velda
4 months ago
I think it might be more of an Appraisal Cost situation.
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Leanna
4 months ago
Really? Four copies seems excessive, is that really necessary?
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Veronica
4 months ago
Totally agree, that duplication is a waste!
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Avery
4 months ago
This is definitely an example of Internal Failure Costs.
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Sharen
4 months ago
I’m confused about this one. It could be any of them, but I think it’s not External Failure Costs since it’s all happening internally.
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Isadora
5 months ago
I’m leaning towards saying it’s Internal Failure Costs too, but I wonder if it could also be seen as a type of Prevention Costs since they’re trying to keep track of the applications.
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Cyril
5 months ago
I remember a practice question about costs associated with quality control, and this seems like it could fall under Appraisal Costs, but it feels a bit different.
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Viva
5 months ago
I think this might be related to Internal Failure Costs since it's about inefficiencies within the company, but I'm not entirely sure.
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Stephane
5 months ago
This is a tricky one. At first I thought it might be external failure costs, since the extra copies could be to protect against potential issues with the loan applications. But I guess since it's all internal to the company, it's more likely an example of internal failure costs. Gotta be careful with these quality control questions.
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Cory
5 months ago
Okay, I think I've got it. The extra copying and storage is an example of internal failure costs, because it's an unnecessary process that's adding to the company's internal costs without providing any real benefit. Seems like a classic case of waste in the system.
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Alaine
5 months ago
Hmm, I'm a bit confused on this one. Is the extra copying and storage an example of prevention costs, since they're trying to avoid potential issues? Or is it more of an internal failure, since it's an unnecessary process? I'll have to think this through carefully.
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Laurel
5 months ago
This seems like a straightforward quality control question. I'm pretty sure the answer is Internal Failure Costs, since the extra copies of approved loan applications are an unnecessary internal process.
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Audry
10 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!
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Roy
8 months ago
It's definitely a sneaky move by ACME. Prevention Costs is the right choice.
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Joesph
8 months ago
I think they're just trying to cover up their mistakes. Prevention Costs for sure.
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Donette
9 months ago
Yeah, ACME always has some interesting tactics. I agree, Prevention Costs make the most sense here.
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Lili
10 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.
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Lynelle
10 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.
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Gracia
9 months ago
C) External Failure Costs
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Sue
10 months ago
B) Appraisal Costs
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Carman
10 months ago
A) Internal Failure Costs
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Lezlie
11 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.
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Galen
9 months ago
It's important for companies to minimize internal failures like this to improve overall efficiency and reduce costs.
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Laquita
9 months ago
I agree, it's a waste of resources. They should be focusing on preventing these unnecessary actions.
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Howard
10 months ago
That's definitely an example of Internal Failure Costs. It's not efficient to store the same document multiple times.
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Leota
11 months ago
I agree with Santos, because the company is checking the quality of the approved loans.
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Santos
11 months ago
I think it could be considered as Appraisal Costs.
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Golda
11 months ago
That sounds like a waste of resources.
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