If a Customer Notifies the Issuing Bank Within Two Days

question 41

True/False

If a customer notifies the issuing bank within two days of learning that his or her debit card has been lost or stolen, the customer is liable for only $100 for unauthorized use.

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Definitions:

Equipment Utilization

A measure of the degree to which a piece of equipment is being used compared to its full potential over a specific period, often expressed as a percentage.

Process Maps

Diagrammatic representations that outline the sequence of actions or steps involved in the performance of a process or operation.

Process Focus

A manufacturing plant structured based on processes to support the creation of small quantities of diverse products.

Mass-customization

A production strategy that combines the flexibility and personalization of custom-made products with the low unit costs of mass production.