The ________ is the percentage of the credit card sale that the retailer owes to the credit card company
A) retailer credit acceptance fee
B) card usage allowance
C) merchant's discount fee
D) franchise fee
Answer: C
Business
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________ risk affects all stocks to a greater or lesser extent and is due to large macroeconomic shocks. This type of risk ________ be eliminated through diversification
A) Systematic; can B) Systematic; cannot C) Unsystematic; can D) Unsystematic; cannot E) None of the above
Business
________ exposure is the potential for accounting-derived changes in owner's equity to occur because of the need to translate foreign currency financial statements into a single reporting currency
A) Transaction B) Operating C) Economic D) Accounting (aka translation)
Business