An Advantage of E-Wallets Is That

question 94

Multiple Choice

An advantage of e-wallets is that:

• A)Users do not need to re-enter personal information each time they make an online purchase
• B)Most e-wallet information is maintained on vendor file servers
• C)They ensure the completion of a purchase transaction over the Internet
• D)none of the above is an advantage of e-wallets

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Definitions:

Periodic Inventory System

A method of inventory valuation that requires a physical count to determine the end-of-period inventory and cost of goods sold.

Gross Profit

The difference between revenue and the cost of goods sold, indicating the financial health and performance of a business.

Freight In

The cost associated with transporting goods from suppliers to the buyer, which is added to the cost of inventory.

Inventory Shrinkage

The loss of products between purchase from supplier and sale to customer, often due to theft, damage, or errors.