Despite the evolution of modern programming languages, COBOL remains a critical component in the financial sector, powering many legacy systems that are crucial for day$-$to$-$day operations in banks and insurance companies. However, the reliance on COBOL presents ethical concerns, particularly regarding the potential for system failures due to a shortage of skilled programmers familiar with this outdated language. As a modern$-$day "Luddite," Sam criticizes how corporations often use advanced technologies to maximize control over workers, influencing their productivity and monitoring their activities, which he believes devalues human labor. Which of the following best represents the ethical dilemma Sam sees in corporate use of technology?

Question $7$ options:

The use of COBOL ensures reliability in legacy systems, making it unnecessary to train new programmers in modern languages.

Transitioning from COBOL to modern programming languages will require substantial investment, but it guarantees improved system flexibility and security.

Reliance on COBOL may hinder innovation in financial services while protecting companies from potential data breaches.

The demand for COBOL programmers is decreasing, which could lead to significant risks in financial transactions and system integrity.