_____ Use Credit Card Numbers, Transmitted Electronically Over the Internet

question 49

Multiple Choice

_____ use credit card numbers, transmitted electronically over the Internet, to pay for goods and services. They are either unencrypted or encrypted, with coded data readable by an intermediary between the buyer's and seller's banks.

• A) Electronic checks
• B) Electronic credit cards
• C) Electronic cash transactions
• D) Electronic wallets
• E) Electronic debit cards

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Definitions:

Contribution Format

An income statement layout that separates fixed and variable costs, allowing for the calculation of contribution margin and easier analysis of profitability.

Operating Income

A financial metric that shows how much of a company's revenue is left over after paying for variable costs of production like wages and raw materials.

Contribution Format

A method of income statement presentation that separates fixed costs from variable costs to show the contribution margin.

Break-even Point

The level of sales or production at which a business's revenues equal its expenses, resulting in no net profit or loss.