The Two Common Methods of Processing Credit and Debit Card

question 99

True/False

The two common methods of processing credit and debit card transactions are gross and net.

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Definitions:

Tertiary Circular Reactions

Advanced exploratory behaviors observed in infants around 12 to 18 months, involving experimentation to explore the properties of objects and the outcomes of actions.

First Habits

The initial routines or behaviors that an individual forms, often early in life, which can set the foundation for later habits.

Secondary Circular Reactions

A stage in Piaget's theory of cognitive development where infants repeat actions that are pleasurable in themselves or involve interesting effects on the environment, typically observed from about 4 to 8 months of age.

Tertiary Circular Reactions

A stage in Piaget’s theory of cognitive development where infants purposely explore new possibilities with objects, combining actions to achieve novel outcomes.