Jarod Wants to Learn More About His Options for Secure

question 25

Multiple Choice

Jarod wants to learn more about his options for secure transactions while conducting e-commerce. Jarod learns that all of the following are true about person-to-person payment EXCEPT ____.

• A) Person-to-person payment can be used to pay for auction items.
• B) During a person-to-person payment, your credit card number is given directly to the merchant.
• C) Using a person-to-person payment service, money can be sent to anyone through e-mail.
• D) PayPal pioneered person-to-person payments.

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Definitions:

Acquisition Method

An accounting technique used to record the financials of a company that has been purchased by another company.

Goodwill

Goodwill is an intangible asset that arises when a business is acquired for more than its fair value, attributed to non-physical assets like reputation or brand name.

Acquisition-Date Fair Value

The measurement of an asset's or liability's market value at the exact day a business combination is executed.

Acquisition Method

An accounting approach used for consolidating the financial statements of a group where one entity has control over the others.