When Customers Make Purchases with a National Credit Card the Retailer

question 182

Multiple Choice

When customers make purchases with a national credit card the retailer

• A) is responsible for maintaining customer accounts.
• B) is not involved in the collection process.
• C) absorbs any losses from uncollectible accounts.
• D) receives cash equal to the full price of the merchandise sold from the credit card company.

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Definitions:

Tsunami

Enormously long oceanic waves generated by major events like quakes, volcano eruptions, or subaquatic landslides.

P-Wave

A type of seismic wave that compresses and expands material in the direction it is traveling, and is the fastest kind of seismic wave.

Rogue Wave

A large, unexpected, and suddenly appearing surface wave that can be extremely dangerous, even to large ships.

Oceanic Trench

Deep, narrow depressions in the ocean floor, often formed at subduction zones where one tectonic plate is forced beneath another.