Square Provides a Means for Small Businesses to Process Credit

question 82

Multiple Choice

Square provides a means for small businesses to process credit and debit card sales without signing up for a traditional credit card arrangement of monthly fees and minimum charges.When its business grew rapidly,Apple,Google,and PayPal responded with ________ actions?

• A) pioneering
• B) imitative
• C) adaptive
• D) differentiated

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Definitions:

Capital Contribution

Money, assets, or other resources a partner or shareholder provides to a company or partnership to increase its capital.

LLC Statutes

Laws and regulations that govern the formation, operation, and dissolution of Limited Liability Companies within a jurisdiction.

Articles of Organization

The document filed with a state governmental body to legally form a limited liability company (LLC).

Noncorporate Business Organization

Any form of business entity that is not incorporated, such as partnerships, sole proprietorships, and limited liability companies, where the legal and tax characteristics may differ from those of corporations.