Suppose That You Have a MasterCard and a Visa and You

question 65

Multiple Choice

Suppose that you have a MasterCard and a Visa and you typically use the MasterCard because it gives you AirMile points for each person.Suppose further that MasterCard terminates their AirMiles program and you switch to Visa.The announcement of the termination of the AirMiles program would be an example of a(n) ____________for using the MasterCard:

• A)CMEO
• B) \(\mathrm { S } ^ { \mathrm { D } }\)
• C)CMAO
• D) \(\mathrm { S } ^ { \Delta } \)

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Definitions:

Operating Expenses

Costs associated with the normal operations of a business, excluding the costs of goods sold, such as rent, utilities, and payroll.

Total Service Department Charges

The collective costs charged by service departments within an organization for their services to other departments.

Income From Operations

The profit realized from a business's own operations, excluding income from other sources and before taxes and interest expenses.

Profit Center

A profit center is a branch or division of a company that is treated as a separate unit for the purpose of assessing its revenue-generating ability and profitability.