When Clarissa Nettles Went to the Grocery Store, She Wrote

question 188

Multiple Choice

When Clarissa Nettles went to the grocery store, she wrote out a check to pay for her purchases. The clerk processed the check electronically and gave her voided check back. The store is using a(n) ____ to process Clarissa's payment.

• A) automated clearinghouse
• B) electronic check conversion
• C) magic check reader
• D) qualified payment system
• E) direct deposit

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Definitions:

Attainable

Referring to a goal or objective that can be reached or achieved, especially through effort or strategy.

Per-Worker Production Function

A graphical representation that shows the relationship between the amount of output produced per worker and the amount of capital available per worker.

Shape

The external form or appearance of an object, defined by its outline or surface configuration.

Diminishing Marginal Returns to Labor

A principle stating that if the amount of a variable resource (such as labor) increases while other factors are fixed, the additional output generated by the additional input will eventually decrease.