MasterCard Sends a Customer a Memo That Discloses the True

question 75

Multiple Choice

MasterCard sends a customer a memo that discloses the true cost of borrowing with each billing statement. It does this in recognition of which of the following customer rights?

• A) the right to choose
• B) the right to be heard
• C) the right to safety
• D) the right to be informed

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Definitions:

Revenue

The total income generated by a company from its normal business operations.

Taxable

Pertaining to income or transactions subject to tax by governmental authorities.

Income Tax Rate

The percentage of an individual's or corporation's income that is paid to the government as tax.

Income Tax Expense

The total amount of income tax a company is obligated to pay to government authorities, based on its taxable income.