When Businesses Accept Payment by Credit and Debit Cards,the Costs

question 52

True/False

When businesses accept payment by credit and debit cards,the costs of processing fees are greater than the benefits of transferring the risk of not being able to collect from the customer and avoiding the costs associated with credit customers.

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Definitions:

Omission

The act of leaving something out or not including something.

Reasonable Person

A hypothetical individual who exercises average care, skill, and judgment in conduct and is often used as a standard for determining negligence.

Abnormally Dangerous Activity

Activities that inherently involve a high risk of causing significant harm, where the party conducting the activity may be held strictly liable for any damages.

Discharge of Fireworks

The act of igniting fireworks, which can be subject to local regulations or laws governing their use.