One Major Difference Between a Debit and Credit Card Is

question 38

Multiple Choice

One major difference between a debit and credit card is:

• A) you can build a credit history with the credit card but not with the debit card.
• B) you have to pay interest on your purchases if you use a credit card.
• C) credit cards are money and the debit card is not.
• D) debit cards charge late fees.

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Definitions:

Job Order Cost Accounting

An accounting method that tracks costs individually for each job rather than for a set period, particularly useful for companies producing unique or custom products.

Operations Costing

A hybrid costing system used in manufacturing, combining features of both job-order and process costing to assign costs to products.

Job Order Cost

A costing method used to accumulate and assign the costs of labor, materials, and overhead to individual products or jobs.

Rework Costs

Expenses incurred to correct defective products or work processes, ensuring they meet quality standards before reaching the customer.