The process of determining whether a card is active and whether the customer has sufficient funds for the purchase is called

A) settlement.
B) approval.
C) authorization.
D) procurement.


C

Business

You might also like to view...

Answer the following statements true (T) or false (F)

1. Violence is considered a dysfunctional work behavior.  2. While it would be desirable, there is currently no way to screen employees at hiring to prevent counterproductive work behaviors.  3. Diversity is synonymous with differences.  4. One of the four layers of diversity on Gardenswartz and Rowe's diversity wheel is labeled as organizational dimensions. 

Business

Discuss the advantages and disadvantages of five methods used to gather information and gain insight before beginning research efforts

What will be an ideal response?

Business

When gross margin pricing is used, the markup percentage includes

a. desired profits plus total selling, general, and administrative expenses. b. only the desired profit factor. c. total costs and expenses. d. desired profits plus total fixed production costs plus total selling, general, and administrative expenses.

Business

A company enters into a contract to purchase a certain quantity of goods from another company during the following month. At this point, would a liability exist? Explain why or why not

Business