In a Business,accepting Payments by Credit Card Causes Significant Differences

question 85

Multiple Choice

In a business,accepting payments by credit card causes significant differences between the bank and book balances because the credit card service provider:

• A) records the gross amount of each credit card sale.
• B) deposits the amount of the sale in the business's account on the date of the sale itself.
• C) deposits the sale amount in the business's account after deducting a service fee.
• D) retains the sale amount in the business's account in the event of customer challenge.

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Definitions:

Linguistic Relativity

The hypothesis that the structure of a language influences its speakers' world view or cognition.

Nativist

A perspective in psychology and linguistics suggesting that certain skills or abilities are "native" or hardwired into the brain at birth, contrasting with theories that emphasize learning and experience.

Cognitive

Related to the mental processes involved in gaining knowledge and comprehension, including thinking, knowing, remembering, and problem-solving.

Interactionist

An approach in sociology and psychology that emphasizes the mutual influence of individuals and society upon each other.