A Business That Accepts Payments by Credit and Debit Cards

question 140

Multiple Choice

A business that accepts payments by credit and debit cards ________.

• A) is usually unable to attract more customers
• B) must check each customer's credit rating
• C) generally receives proceeds from credit and debit card transactions 30 - 45 days after the sale
• D) almost always pays a fee to the processor to cover the processing costs

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Definitions:

Blue Uniforms

Clothing of a blue color worn by members of certain professions, commonly associated with law enforcement or military personnel.

Anchoring with Adjustment Heuristic

A cognitive bias in decision-making where an initial value (the "anchor") heavily influences subsequent judgments and adjustments.

Temporizing Heuristic

A cognitive strategy involving delaying decision making until more evidence or information is available.

Successful Events

Occurrences or activities that achieve their intended goals or are considered positive by the majority of participants.