MasterCard International Links Usage of Its Card with Fund Raising

question 144

Essay

MasterCard International links usage of its card with fund raising for institutions that combat cancer, heart disease, child abuse, and muscular dystrophy. MasterCard gives a modest percentage of charges on their credit cards to the institutions. What is this called, and how does it affect
cardholders' behaviour?

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Definitions:

Process Audits

Evaluations that focus on the efficiency and effectiveness of processes within an organization, aiming to identify areas for improvement.

External Audits

Independent examinations of financial statements by an outside auditor to ensure accuracy, consistency, and adherence to accounting standards and regulations.

Value-Based Quality

The concept of assessing and improving the quality of products or services based on their ability to meet customers' needs and values.

Manufacturing-Based Quality

A perspective on quality that focuses on adherence to standards and specifications during the manufacturing process.