Card-Not-Present (CNP)transactions Increase the Risk and Uncertainty of Online Transactions,which

question 47

True/False

Card-not-present (CNP)transactions increase the risk and uncertainty of online transactions,which increases transaction fees to offset the increased risks.

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Definitions:

Shock Effect

A phenomenon where a significant event or change within an organization or economy generates notable reactions or adjustments among its members or participants.

Wage Differential

The variation in wages between individuals, jobs, or regions, caused by factors like skill level, industry, or geographic location.

Industrial Relations School

An academic discipline that studies employment relationships, including theories on labor relations, collective bargaining, and workplace dynamics.

Legal Framework

The system of rules, regulations, and principles that govern behaviors, activities, and operations within a society or organization.