Which Type of Consumer Would Most Likely Use an Electronic

question 41

Multiple Choice

Which type of consumer would most likely use an electronic wallet?

• A) big ticket purchasers (making infrequent transactions of large dollar values)
• B) small ticket purchasers (making frequent transactions of small dollar values)
• C) price sensitive shoppers
• D) consumers who do not own a credit card
• E) Consumers who make online payments exclusively through PayPal

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Definitions:

Permanent/Temporary

Describing the duration of accounts or conditions; permanent refers to longstanding or indefinite, while temporary implies a limited or specific time frame.

Normal Balance

The side (debit or credit) of an account that is expected to have a higher balance, reflecting its nature in the double-entry accounting system.

Financial Statement

A written record that conveys the business activities and the financial performance of a company.

Permanent/Temporary

Refers to the classification of accounts based on their longevity; permanent accounts are not closed at the end of the accounting period, while temporary accounts are.