There Are Different Types of Electronic Wallet-Sized Cards Used in Virtual

question 72

Multiple Choice

There are different types of electronic wallet-sized cards used in virtual cash transactions.The card that shows the most promise for wide-scale retail transaction use in the foreseeable future is the

• A) shared-key card.
• B) signature-creating card.
• C) memory card.
• D) signature-transporting card.

---

Definitions:

Supplies Cost

The expenses associated with purchasing materials and supplies used in the operation of a business, not directly tied to production.

Manufacturing Overhead

All indirect costs associated with the manufacturing process, such as utilities, maintenance, and factory management salaries.

Materials Quantity Variance

The difference between the actual quantity of materials used in production and the standard quantity expected, multiplied by the standard cost per unit.

Direct Material Standards

The predetermined cost and quantity of materials required for the manufacturing of a product.