COGNITIVE ASSESSMENT What Type of Device Reads the Strip of Magnetic

question 111

Multiple Choice

COGNITIVE ASSESSMENT What type of device reads the strip of magnetic material on the back of your credit card?

• A) credit card reader
• B) magReader
• C) magnetic stripe card reader
• D) MCR

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Definitions:

Majority Voting

A decision-making process whereby a decision is made based on the preference of more than half of the members voting.

Public Good

This is a good that is non-excludable and non-rivalrous in consumption, meaning it can be used by everyone and one's use does not diminish another's.

Costs

The outlay or expenditure (monetary or otherwise) incurred by a business or individual in the process of producing or offering goods and services.

Benefits

The advantages or positive outcomes that come from specific actions, policies, or investments.