_____ Use Credit Card Numbers, Transmitted Electronically Over the Internet

question 49

Multiple Choice

_____ use credit card numbers, transmitted electronically over the Internet, to pay for goods and services. They are either unencrypted or encrypted, with coded data readable by an intermediary between the buyer's and seller's banks.

• A) Electronic checks
• B) Electronic credit cards
• C) Electronic cash transactions
• D) Electronic wallets
• E) Electronic debit cards

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Definitions:

Exit

The act of leaving or withdrawing from a situation, market, or agreement, often used in the context of businesses ceasing operations or investors selling off their stake.

Average Total Cost

The total cost of production divided by the number of units produced, indicating the cost per unit of output.

Profit-maximizing

A strategy or approach that aims to achieve the highest possible profit from business activities.

Marginal Revenue

The revenue increase from selling an additional good or service unit.