In Most Cases,smart Cards Are More Secure Than Credit Cards

question 44

True/False

In most cases,smart cards are more secure than credit cards and can be extended with other payment services.In the retail arena,many of these services are aimed at those establishments where payments are usually made in cash and speed and convenience are important.

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Definitions:

Net Income

The net income of a business once all costs, such as operational expenditures and taxes, have been deducted.

Revenue

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

Expense

An outflow of money to another person or entity to pay for an item or service or for a category of costs.

Owner's Capital Account

An equity account on a company's balance sheet representing the owner's invested funds plus the net income minus the withdrawals by the owner.