Which of the Following Is a Disadvantage When a Business

question 148

Multiple Choice

Which of the following is a disadvantage when a business accepts credit cards or debit cards from customers?

• A) The business bears the responsibility of collecting cash from the customer.
• B) The business bears the risk of nonpayment by the customer.
• C) The business pays a processing fee.
• D) The business checks customers' credit ratings.

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Definitions:

Payoff Matrix

A table that shows the possible outcomes of different strategies in a game or decision-making situation, often used in game theory.

Compete

The act or process of trying to win or do better than others in an activity, market, or situation.

Cooperate

To work together towards a common goal or purpose, often seen in various social, political, and economic contexts.

Cartels

are agreements between competing firms in the same industry to control prices, limit production, or divide markets, in order to increase profits by reducing competition.