A Smart Card Is a Device, the Size of a Credit

question 215

Multiple Choice

A smart card is a device, the size of a credit card that contains embedded technology that stores information and small amounts of software, and can act as ________.

• A)Identification instruments
• B)A form of digital cash
• C)A data storage device
• D)All of the above

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Definitions:

Multi-Block Tariffs

A pricing structure used by utilities and service providers where the cost per unit of service varies with the amount of usage, often increasing in blocks or tiers as usage rises.

Unit Quantity Discounts

Price reductions given to customers for purchasing goods in large volumes or quantities.

Lot Size

The quantity of items that are processed, ordered, produced, or delivered as a single batch or unit.

Average Inventory

The mean amount of inventory a business has in stock over a certain period, calculated to assess inventory efficiency.