"Blink" Technology Refers to How Fast a Magnetic Strip on a Credit

question 43

True/False

"Blink" technology refers to how fast a magnetic strip on a credit card works.

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Definitions:

Mark-Up

The markup on goods’ cost intended to defray overhead expenditures and yield profit.

Operating Expenses

The costs associated with the day-to-day operations of a business.

Operating Profit

Earnings derived from a corporation's principal operations, before subtracting interest and taxes.

Cash Discount Rate

A reduction on the invoice price offered by sellers to encourage prompt payment from the buyer.