All of the following are characteristics of debit cards EXCEPT:
A) payments are deferred until a later date
B) they can be used like checks
C) they eliminate the problem of trust since the bank's computer authorizes the transaction
D) when used at a store, his bank instantly credits the store's account with the amount and
deducts it from his account.
A
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Which of the following is not an advantage of cost-plus pricing?
A) If a firm is selling multiple products, it ensures that the firm's prices will cover costs that are difficult to assign to one product. B) It ensures that the firm will maximize its profits. C) It is easy to calculate. D) It requires little information.
Movie theaters charge lower prices to children and senior citizens because
a. they feel sorry for them. b. they go to more movies, so they get price breaks. c. their elasticity of demand for movie tickets is higher. d. they have more time to attend movies.