Visa Recently Implemented a Program Asking Credit Card Holders to "Opt

question 16

Multiple Choice

Visa recently implemented a program asking credit card holders to "opt in" to use their cell phone location to help verify credit card transactions by location.Which of the following is most likely to be a reason for this measure?

• A)To authorize location-based advertising
• B)To ensure payment security
• C)To encrypt customer information
• D)To ensure accurate payment by customers

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Definitions:

Product Cost

The total expense incurred in manufacturing a product, including direct labor, direct materials, and overhead costs.

Period Cost

A type of expense that is not directly tied to the production of inventory and is instead associated with a specific time period, such as sales and administrative expenses.

Managerial Situation

A managerial situation involves the context and conditions under which managers make decisions, handle operations, and solve problems within an organization.

Decision Making

Decision making is the process of making choices by identifying a decision, gathering information, and assessing alternative resolutions.