When the Credit Card Processor Deposits the Gross Proceeds from Credit

question 44

Multiple Choice

When the credit card processor deposits the gross proceeds from credit and debit card sales ________.

• A)there will be no fee charged for the transaction
• B)the deposit is made on the last day of the month
• C)the total sales less the processing fee assessed equals the net amount of cash deposited
• D)the processing fees are deducted from the company's bank account by the processor

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Definitions:

Chase Strategy

A demand-driven production strategy where production rates are adjusted to match demand to minimize inventory costs.

Flexibility Strategy

An approach to operations and decision-making that emphasizes the ability to adapt to changes, respond to unpredicted demands, or capitalize on new opportunities.

Level Strategy

A business approach that maintains a steady production rate and workforce level, even during fluctuating demand periods.

Aggregate Planning

A methodology in operations management aimed at determining optimal production, workforce levels, and inventory levels, to meet forecasting demand over a medium-range period.