One Advantage of Many Mobile Payment Systems Over Traditional Credit

question 59

True/False

One advantage of many mobile payment systems over traditional credit card systems is the ability to handle micropayments,or transactions involving relatively small sums of money.

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Definitions:

Balance Sheet

An account showing the assets, liabilities, and equity of shareholders of a firm on a specific date.

Revenue

The total amount of money received by a company for goods sold or services provided during a certain time period.

Manufacturing Overhead

This consists of all the indirect costs related to manufacturing that cannot be directly traced to specific units produced, such as electricity for the factory or maintenance expenses.

Administrative Costs

Expenses related to the general operations of a business, including salaries of senior executives, office supplies, and utilities.