The PayPass Program Is Very Promising Because

question 29

Multiple Choice

The PayPass program is very promising because:

• A) customers are issued a plastic key fob.
• B) transmitter chips are cheap and mass-produced.
• C) it is backed by MasterCard.
• D) it was tested first in Canada.
• E) it eliminates the need for credit cards.

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Definitions:

Output Phase

The stage in a production or operation process where the final product or service is completed and ready for consumption or distribution.

Inventory Cost

Inventory cost includes all costs associated with procuring, storing, and managing goods a business intends to sell.

Financing

The act of providing funds for business activities, making purchases or investing.

Shelf Life

The length of time for which an item remains usable, fit for consumption, or saleable.