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Describe the virtual organization. Explain how the virtual organization could theoretically prove to be a more formidable competitor than any of the other types of organization in a highly complex, dynamic business environment.
Credit Card
A payment card issued by a financial institution allowing the cardholder to borrow funds for the purchase of goods and services with the promise to repay the borrowed amount along with any agreed-upon fees.
Debit Card
A card used to electronically subtract money from a bank account to pay for goods or services.
Relative Advantages
The degree to which an innovation or solution is perceived to be better than the idea, program, or product it replaces.
Dishonors
Refers to the refusal or inability of a party to accept or pay a bill of exchange, check, or draft when presented for payment.
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