The Three Digit Code on the Back of a Credit

question 46

True/False

The three digit code on the back of a credit card that helps protect against unauthorized use of the card is called its card verification value

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Definitions:

Retail Method

A pricing and inventory assessment strategy used by retailers to calculate the value of inventory based on the retail price, adjusted for markdowns, returns, and discounts.

Ending Inventory

The total value of goods available for sale at the end of a specific accounting period.

Cost of Goods Sold

The direct costs attributable to the production of the goods sold by a company, including materials and labor costs.