Answer:
B. Supply chain efficiency
Explanation:
Efficiency consists in maximizing productivity while minimizing costs. Supply-chain efficiency, therefore, involves reducing costs and improving output in the production process, with the aim of increasing profit.
If a Canadian NHL team receives its revenues in Canadian dollars, but must pay its players in U.S. dollars, a weakening of the Canadian dollar relative to the U.S. dollar will cause
a.) the team's revenues to decreaseb.) the team's costs to increasec.) the team's revenues to increased.) the team's cost to decrease
Answer:
b.) The team's costs to increase
Explanation:
Nominally, revenues will be the same in Canadian dollars, because the Canandian dollar has become weaker against the U.S. dollar, but that does not necessarily mean that it has lost value in Canada itself.
However, now the NHL team will have to change more Canadian dollars for the same amount of U.S. dollars in order to pay its players, causing the team's wage costs to rise.
Suppose an economy’s real GDP is $30,000 in year 1 and $31,200 in year 2. Instructions: In part a, enter your answer as a whole number. In part b, round your answer to 2 decimal places. a. What is the growth rate of its real GDP? Assume that population is 100 in year 1 and 102 in year 2. b. What is the growth rate of real GDP per capita?
Answer:
growth rate of real GDP = 4%
Growth rate of real GDP per capita = 1.96 %
Explanation:
given data
economy’s real GDP year 1 = $30,000
economy’s real GDP year 2 = $31,200
to find out
growth rate of its real GDP and growth rate of real GDP per capita
solution
we get here growth rate of real GDP that is express as =
growth rate = (real GDP year 2 - real GDP year 1) ÷ real GDP year1 ......................1
put here value we get
growth rate of real GDP = [tex]\frac{31200-30000}{30000}[/tex]
growth rate of real GDP = 4%
and
now we get first real GDP per capita that is express as
real GDP per capita = [tex]\frac{GDP}{population}[/tex] ..........2
real GDP per capita year 1 = [tex]\frac{30000}{100}[/tex]
real GDP per capita year 1 = 300
and
real GDP per capita year 2 = [tex]\frac{31200}{102}[/tex]
real GDP per capita year 2 = 305.882
so now Growth rate of real GDP per capita will be as
Growth rate of real GDP per capita = ( real GDP per capita year 2 - real GDP per capita year 1 ) ÷ real GDP per capita year 1 ............3
put here value we get
Growth rate of real GDP per capita = [tex]\frac{305.882-300}{300}[/tex]
Growth rate of real GDP per capita = 1.96 %
The growth rate of the economy's real GDP is 4%. The growth rate of real GDP per capita is 2.22%.
Explanation:a. To calculate the growth rate of real GDP, we use the formula: (Year 2 GDP - Year 1 GDP) / Year 1 GDP. Plugging in the values, we get: (31200 - 30000) / 30000 = 0.04. So the growth rate of real GDP is 0.04, or 4%.
b. To calculate the growth rate of real GDP per capita, we use the formula: (Year 2 GDP per capita - Year 1 GDP per capita) / Year 1 GDP per capita. The GDP per capita in Year 1 is $300 (calculated by dividing Year 1 GDP by Year 1 population) and in Year 2 is $306.67 (Year 2 GDP divided by Year 2 population). Plugging in the values, we get: (306.67 - 300) / 300 = 0.0222. So the growth rate of real GDP per capita is 0.0222, or 2.22%.
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Wiggins Company has 1,000 shares of $10 par preferred stock, which were issued at par. It also has 25,000 shares of common stock outstanding, and its total stockholders' equity equals $500,000. The book value per common share is:
Answer:
Book value par common share will be $19.6
Explanation:
We have given number of preferred stock = 1000
Value of preferred stock = $10 par preferred stock
So preferred Stock = 1000 x $10 = $10000
Total Stockholder's equity = $500000
Thus Common stock value = $500000 - $10000 = $490000
Total number of common stock = 25000 shares
So the book value per common share is = [tex]\frac{490000}{25000}=19.6[/tex]
An economics professor, upset about the rising cost of textbooks, proposed that his department purchase 50 copies of a statistics book so the students in the statistics class would not have to purchase their own books but rather could borrow a book for the semester and then return it for the next class to use. Which of the following strategies would not prevent a common resource problem with the textbooks?a) Students will be required to pay a deposit for the textbook, which is refundable at the end of the semester when the book is returned in good condition.b) The textbooks are placed in a common area of the department so students can borrow and return them as needed.c) Students must sign a form agreeing to return the book or pay a fine equal to the replacement cost of the book.d) The textbooks are placed in the professor’s office and will only be given to students who are registered members of the class. These students will not receive their final course grades until the books are returned.
Answer:
B) The textbooks are placed in a common area of the department so students can borrow and return them as needed.
Explanation:
To avoid a new tragedy of the commons from occurring in the statistics class, each student that receives a book should be responsible for taking good care of it.
If the books are simply placed in a common area, anyone can come and take a book home and never return it or return it in a very bad shape.
Quinn contracts to provide ten tons of scrap steel at $500 per ton to Rendered Materials, Inc. An unforeseen shortage of scrap steel suddenly develops, making it impossible for Quinn to fulfill the contract for less than $5,000 per ton. Quinn's best defense against performing the contract would be thata. procuring the steel would force Quinn into bankruptcy.b. the law has rendered performance of the contract illegal.c. performance of the contract is commercially impracticable.d. the specific subject matter of the contract has been destroyed.
Answer:
C) performance of the contract is commercially impracticable.
Explanation:
Contract law contemplates certain situations where performing the contract is either difficult or impossible and therefore the party is not liable for breaching the contract.
Commercial impracticability applies to contracts where the performance of at least one party is impracticable and cannot be accomplished.
In this case, Quinn cannot perform his duty since the price of scrap steel increased beyond any reasonable price contemplated in the contract. Since Quinn is not responsible for setting the price of scrap steel, he is not liable for breaching the contract.
Quinn's best defense against performing the contract due to an unforeseen shortage of scrap steel is claiming that performance has become commercially impracticable. Thus, the correct option is c.
Under contract law, an excuse for non-performance can be made if an unforeseen event significantly increases the cost of performance to the point where the contract becomes commercially impracticable.
This is typically covered under the legal doctrine of commercial impracticability, which relieves a party from their contractual obligations if performing the contract has become extremely difficult or unusually expensive due to unforeseen events.
In this case, the unexpected shortage of scrap steel making the cost jump from $500 to $5,000 per ton makes fulfilling the contract commercially impracticable for Quinn.
Lancaster salesperson Jamie Dafe has begun to branch out into mortgage brokering. She continues to show homes to clients, but hasn't been actively seeking out new listings. Instead, she acts as a loan broker by buying, selling, or exchanging loans. Which of the following statements applies to Jamie's current situation?A. Jamie may not act as a loan broker unless she is properly licensed as one, under the Mortgage Loan Broker Law, set forth under the California Business and Professions Code, Article 7.B. Jamie may act as a loan broker without receiving any special license, other than her active California real estate broker's license, as long as she follows the stipulations set forth under the Mortgage Loan Broker Law, under Article 7 of the California Business and Professions Code.C. In California, a licensed real estate broker MAY assist the buyer in filling out the loan application for a financial institution, but may NOT arrange for financing for the buyer, or broker loans herself. In Jamie's situation, she is acting out of the realm of her real estate broker's license, and can face monetary damages and/or prison time for violating the California Financial Code AND the California Businessand Professions Code, Article 5.D. In California, anyone who wishes to sell, buy, or exchange loans, must meet two requirements: (1) The person must be licensed as a real estate salesperson or broker in California; and (2) The person must first obtain a Commissioner's Permit to Broker Loans. Jamie needs to fulfill this second requirement before she may legally broker loans in California, under Article 5 of the California Business and Professions Code, which is known as the Mortgage Loan Broker Law.
Jamie Dafe, transitioning into mortgage brokering from being a salesperson, needs to obtain a proper license as per the Mortgage Loan Broker Law under Article 7 of the California Business and Professions Code.
Explanation:Based on the given information, statement A applies to Jamie's current situation. As per the Mortgage Loan Broker Law, stipulated under Article 7 of the California Business and Professions Code, Jamie may not act as a loan broker unless she is duly licensed as one. Jamie being a salesperson shifting into mortgage brokering, needs to acquire the proper license to legally act as a loan broker. Similarly, her existing license as a California real estate broker doesn't empower her to operate as a loan broker without the necessary additional license.
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Corporations can be separated into two types. A __________ held corporation does not offer its stock for public sale and usually has few stockholders. A __________ held corporation offers its stock for public sale and can have thousands of stockholders.
Answer:
A privately held corporation does not offer its stock for public sale and usually has few stockholders. A publicly held corporation offers its stock for public sale and can have thousands of stockholders.
Explanation:
Privately held corporations are owned by a few investors. Such a firm has limited ownership and can only sell its shares to private investors and not the public.
Publicly held corporations, can sell shares or stock to the public and can list on the stock exchange. In such a corporation, ownership is not limited to only private investors.
During industrialization, smaller businesses struggled to compete with large corporations because small businesses
a. had to pay a larger tax to the government.
b. could not implement the cost-cutting measures used by large corporations.
c. could not compete with the superior quality of goods made by large companies.
d. had difficulty hiring people to work for them.
Answer: Option B
Explanation: In simple words, cost cutting refers to the process in which an organisation modifies or re- implement its production and distribution process with the sole object of reducing the cost of production.
By reducing the cost of production an organisation can charge low prices for the product in the market and attract more customers. Although this process sounds straight but it is not easy for the firms orating at small level.
Large firms can easily cut their cost without affecting quality as they have huge scale of operations and they purchase inputs at a high volume which makes them applicable for particular discounts.
Thus, from the above we can conclude that the correct option is B.
A limit on the amount of a good that can be brought in from another country for sale
Answer:
Quota
Explanation:
A quota is a trade limitation imposed by the state that reduces the number or monetary price of goods which a country may import or export over a given time period.
Countries use international trade quotas to help control trading volumes between them and the other countries.
Countries often place specific products on them in order to decrease imports and increase domestic manufacturing. In principle, by limiting foreign competition, quotas raise domestic production.
Bill would like to follow recommendations that would reduce his risk of cardiovascular disease (CVD). Based on this information, Bill should
A. become more physically active.
B. gain some body weight.
C. consume more saturated fat.
D. smoke no more than a pack of cigarettes daily
Answer:
Letter A is correct. Become more physically active.
Explanation:
Physical activity benefits human health in many ways: it helps improve fitness, promotes physical and mental well-being, regulates blood pressure, helps control weight and prevents the risk of chronic and cardiovascular disease. .
For people who want to avoid the risk of cardiovascular disease, physical activity is an easy and ideal option as it helps strengthen the heart muscle, lowers bad cholesterol levels, raises good cholesterol levels, and lowers blood pressure. .
Research has shown that physical activity prevents the risk of CVD and improves fitness, endurance and increased cardiorespiratory capacity.
The benefits of expanding into international markets include each of the following opportunities EXCEPT:______ a. increasing the size of the firm's potential markets. b. favorable tax concessions and economic incentives by home-country governments. c. economies of scale and learning. d. location advantages.
Answer:
b. favorable tax concessions and economic incentives by home-country governments.
Explanation:
Venturing in international trade offers a business the opportunity to expand its market. The company will be able to distribute and sell its products to new regions and territories. A company will be able to grow its output, which results in economies of scale.
Growth in output requires the company to do large scale production. Production cost unit per unit decreases as a business output increases. After breakeven, every other unit produced contributes to an organization's profitability. International markets create chances of getting better locations for setting up new branches or finding cheap materials.
A Tax incentive is not a reason for engaging in foreign markets. Even if incentives are there, they last for a few years. Home countries will hardly give concessions to businesses engaging in international trade.
______________ believe that there is only a small amount of crowding-out if any at all..
Answer:
Keynesian
Explanation:
Keynesian is one of the famous economists who have written various macroeconomic theories. According to Keynesian, government intervention is essential to boost economic growth and to increase development work in a country. Similarly, Keynesian believed that government intervention leads to a small amount of crowding out if any at all which means that government intervention affects the market.
A rectangular box has a volume of $4320$ cubic inches and a surface area of $1704$ square inches. The sum of the lengths of its $12$ edges is $208$ inches. What would be the volume of the box, in cubic inches, if its length, width and height were each increased by one inch?
Answer:
the volume would be V₂ = 5225 in³
Explanation:
denoting w as width , L as length and h as height , then the volume of the box will be
V = w*h*L
the surface area will be
S= 2*w*h + 2*w*L + 2*h*L→ S/2 = w*h +w*L + h*L
and the sum of the lengths TL will be
TL = 4*h + 4*L + 4*w → TL/4 = w + h + L
if the dimensions would increase 1 unit , the volume would be
V₂ = (w+1)*(h+1)*(L+1) = w*h*L + w*h+ wL +w + hL + h + L +1 = w*h*L + (w*h+ wL+hL) + (w+h+L) + 1 = V + S/2 + TL/4 +1
V₂ = V + S/2 + TL/4 +1 = 4320 in³ + 1704 in²/2 *1 in + 208 in/4 * 1 in² +1* 1 in³ = 5225 in³
V₂ = 5225 in³
Answer:
the volume would be V₂ = 5225 in³
Explanation:
I took the test
21.1 Answering employee questions and supporting, coordinating, and controlling end user computing is the res A. user acceptance and support center. B. customer service center. C. help desk. D. user stories desk.
Answer: help desk
Explanation: A help desk is a tool designed to provide support and advice for the products and services of a business or organization to the client or end-user.
Normally, the object of a help desk is to solve issues or provide advice on items along with computers, electronic equipment, food, clothes, or software.
In-house support desks are also designed to assist workers. These in-house desks records and evaluates the complains and issue of employees and are responsible for providing the relevant information from such employees to the top management.
The company formerly known as the Columbia Phonography Company was bought by what business owner whose developments in news programming and entertainment helped the company surpass NBC as the highest-rated radio network?
Answer:
William S. Paley
Explanation:
Paley bought Columbia Phonograph Company in 1929, and changed its name to Columbia Broadcasting System (later CBS Inc.). Initially CBS had 25 radio networks in the air and it entered the television network business in 1941. Eventually CBS became one of the largest American broadcast television networks.
if Dawn's disposable income increases from $30,000 to $35,000 what is his marginal propensity to consume if he spends $4,000 of the increase on consumer products?
Answer:
Marginal Propensity to Consume = 0.8
Explanation:
Marginal propensity to consume (MPC) exhibits consumer's spending behavior as to what percentage of extra dollar is spent from extra dollar of income.
MPC is calculated as Increase in consumption divided by increase in income.
MPC: Increase in consumption / increase in income: 4,000 / 5,000
MPC = 0.8
A sales associate, while working for the broker, acquired a listing for $350,000 at a 6% commission rate. A second sales associate, who works for another brokerage office, found the buyer for the property. The listing and selling brokers agree to a 50-50 split between the two offices. The property sold for the listed price. The selling broker kept 55% of the commission received by the selling office. How much did the selling office sales associate receive?
Answer:
$ 4, 725
Explanation:
Each broker get 50% of (6/100 x$350,000)
i.e. =50% (0.06 x $350,000)
= $ 21,000/2
=$10,500
Broker kept 55% meaning the office got 45 %
= 45/100 x $ 10,500
= $ 4, 725
The selling office sales associate received $2,887.50 from the commission.
Explanation:The selling office sales associate received $3,675. Here's how the calculation is done:
The total commission is calculated as 6% of the listing price: $350,000 x 6% = $21,000.
The commission is split equally between the two brokerage offices, so each office receives $21,000 / 2 = $10,500.
From the selling office's commission ($10,500), the selling broker keeps 55%, which is $10,500 x 55% = $5,775.
The remaining amount is split between the sales associates in the selling office. In this case, it's a 50-50 split, so each sales associate receives $5,775 / 2 = $2,887.50.
Therefore, the selling office sales associate received $2,887.50.
You are climbing a stair case. It takes n steps to reach to the top. Each time you can either climb 1 or 2 steps. In how many distinct ways can you climb to the top?
Final answer:
The problem of finding the number of distinct ways to climb a staircase with 1 or 2 steps at a time is solved by using the Fibonacci sequence. The total number of ways W(n) is the sum of the ways to climb to the previous two steps, W(n-1) and W(n-2).
Explanation:
The student's question involves finding the number of distinct ways one can climb to the top of a staircase by taking 1 or 2 steps at a time. This is a classic problem that can be approached using combinatorics, specifically the Fibonacci sequence.
Let us denote the number of ways to climb a staircase of n steps as W(n). For the base cases: W(1) = 1 (only one way to climb one step) and W(2) = 2 (either two single steps or one double step).
To get to step n, one could either come from step n-1 (by taking one step) or from step n-2 (by taking two steps). Hence, the number of ways to reach step n is the sum of the ways to reach steps n-1 and n-2. Mathematically, this can be expressed as W(n) = W(n-1) + W(n-2).
Therefore, to find W(n) for any n, one would start at the base cases and work upwards until reaching W(n).
On June 19, Don Co., a U.S. company, sold and delivered merchandise on a 30-day account to Cologne GmbH, a German corporation, for 200,000 euros. On July 19, Cologne paid Don in full. Relevant currency exchange rates were:
June 19 July 19
Spot rate $.988 $.995
30-day forward rate .990 1.000
What amount should Don record on June 19 as an account receivable for its sale to Cologne?
a. $197,600
b. $198,000
c. $199,000
d. $200,000
Answer: $197,600
Explanation: Don Co is making a sale to Cologne GmbH and on the date of the transaction there is an exchange rate called the spot rate. Don Co will record in its books the value of the transaction on the set date at the spot rate which is:
200,000 euros @ .988
= $197,600
on the date of the settlement of the debt by Cologne GmbH, the spot rate is also considered which will be 200,000@ .995 = $199,000
Note that on the payment date, the exchange rate has gone up and now Don Co has a higher receivable value that what is in its book.
the difference of $1,400 ($199,000-$197,600) will now be noted in the books of Don Co as an exchange gain on the transaction.
Which of the following HR activities is similar to analyzing a job that does not yet exist?
A. Human resource planning
B. Performance appraisal
C. Job evaluation
D.Work redesign
E. Selection
Answer: Work redesign
Explanation:
Work redesign is the process by which a job analyst accesses an already existing job role to check for modifications that can be carried out on that job role to increase job effectiveness. The job modifications could be in the form of: searching for a best fit for a job role, improvements in working conditions, adjusting the job description.
Therefore work redesign is a way of analysing a job role that doesn't exist at the moment, but if redesigned could be very effective.
When the price of product A rises, the quantity of product B that is purchased decreases. Products A and B are:__________
Answer:
They are Complimentary Goods.
Explanation:
Complimentary goods are defined in economics as products that whose use is related to the use of an associated or paired good.
i.e.: Like Cars and Petroleum
When the price is increase in one product, then the quantity demand for that product decreases. This in tern affects the other related product and the quantity demand of that related product falls as well.
Answer: Product A and B are complimentary Goods .
Explanation: Complimentary Goods are a part of 'Price of related goods' factor affecting demand , among the 4 factors - Price of good , Price of related goods (substitute & complimentary) , Income , Taste preferences
These are goods which are jointly demanded . Eg Inverter & Battery .
These goods price & demand have inverse relationship implying price rise of one good leads to fall in other good demand , price fall of one good leads to rise in other good demand .
This happens because price of one good rise leads to fall in its demand (price demand inverse relationship as per law of demand) , which subsequently reduces the demand for its complement good also as both are used jointly .
Similarly , price fall of good reduces its own as well as its complement good demand.
Eg Price rise of petrol can lead to a reduction in demand of cars .
Many borrowers defaulted on subprime mortgages ultimately disrupting financial markets by August 2007. Which of the following is a likely result of this increase in financial frictions? A. The AD curve likely did not shift B. B. The AD curve likely shifted left which caused an upward movement along the MP curve to a higher general equilibrium interest rate C. The AD curve likely shifted left which caused a positive inflation gap D. The AD curve likely shifted left which caused a negative output gap E. none of the above
Answer:
A. the AD curve likely did not shift B
Explanation:
Defaults on subprime mortgages hurts autonomous consumption levels for borrowers, which causes the IS and AD curves to shift left. These defaults also likely increased financial frictions as lending institutions would charge higher real interest rates to protect themselves from the increased default risk.
When a customer deposits currency in a bank, the Cash Account (an Asset account) increases for the bank, but the Checkable Deposit Account (a ________________ account) of the bank also increases to "balance the books".
Answer: Liability account
Explanation:
This is a case of looking it from bank's point of view or from the books of the bank.
Customer has deposited their money in the bank. For a certain fee. The money is secured by the bank and can be withdrawn by the customer anytime they want to. Hence cash is increased but it is still a liability for the bank since they do not have a claim to that money. It's the customers assets they are securing.
Alex wrecked his car and received $22,000 from the insurance company to replace it. His basis in the car was $20,000 and he spent $15,000 on a replacement vehicle. What is the amount of the recognized gain?
Answer:
$2,000
Explanation:
The recognized gain is computed below:
Recognized gain = Received amount from the insurance company - Alex basis in car value
= $22,000 - $20,000
= $2,000
The recognized gain shows a difference between the received amount and his basis in car
The other information which is mentioned is ignored as it is not relevant for the computation part
Lukas believed that his company’s merit pay system would reward him fairly with a higher salary if he worked harder than other employees. His desire to work hard could be explained by the goal-setting theory of motivation.
Answer:
Equity theory
Explanation:
Equity theory as proposed by John Stacey Adam argues that employees becomes dissatisfied, disgruntled and discouraged when they feel their input into a company does not commensurate with their output in form of salaries, benefit, job security, reputation, recognition, and others. The theory argues that the employees will tend to reduce their inputs and may even become disruptive in their input activities. To circumvent this, the theory argues that employers of labour must find equitable balance between the employees input and their output. This, he belief, when perceived by the employees brings contentment to the employees.
"Keeping track of securities owners for payment of interest or dividends is usually done by the company's"1. Treasure2. Broker3. Transfer Agent4. Register
Answer:
The correct answer is 3
Explanation:
Transfer agent is the one who plays an important or vital role among the investor and the registrar of the company or business. They are those who closely maintain the account balances of the investor and make sure that the shareholders receive the dividends payment in the timely way.
So, the transfer agents of the company, keep or maintain the track of the securities owners for the payment of dividends or interest.
If a company has a capital structure of $5,000,000 common stock with a cost of 17%, $2,000,000 bonds at 4%, $1,000,000 of short term debt with a cost of 7%, and $2,000,000 preferred stock with a cost of 3%, what is the weighted average cost of Capital?
Answer:
Explanation:
Weighted Average Cost of Capital; formula is as follows;
WACC = wE*re + wP*wp + wD*rd(1-tax)
where w= weight of...
r = cost of ...
E= common equity
P = preferred stock
D = Debt
Find the weights of each source of capital;
WACC = (0.50*0.17) +(0.20*0.03) + [0.20*0.04(1-0.40)] +[0.10*0.07(1-0.40)]
WACC = 0.085 +0.006 + 0.0048 + 0.0042
WACC = 0.1 or 10%
On November 1, 2019, Juno, Inc. declared a dividend of $3.00 per share on common stock. Juno, Inc. has 10,000 shares of common stock outstanding and 20,000 shares of preferred stock. The date of record is November 15, and the payment date is November 30, 2019. Regarding the date of record, which of the following statements is true?
Answer:
When a dividend payment is recorded (November 15, 2019), no journal entry should be made.
Explanation:
When a dividend is declared, liability must be recorded for the total amount of the dividends and retained earnings must decrease. The journal entry should be:
November 1, 2019 .- dividend declaration ($3 per common share)
Dr Retained Earnings account 30,000Cr Dividends Payable account 30,000When the dividends are distributed, the journal entry should be as follows:
November 30, 2019 .- dividend distribution
Dr Dividends Payable account 30,000Cr Cash account 30,000On March 1, 2018, Mandy Services issued a 9% long-term notes payable for $15,000. It is payable over a 3 - year term in $5,000 principal installments on March 1 of each year, beginning March 1, 2019. Each yearly installment will include both principal repayment of $5,000 and interest payment for the preceding one -year period. What is the amount of total cash payment that Mandy will make on March 1, 2019? O
A. $5,675
B. $6,350
C. $15,000
D. $5,000
Answer:
Correct option is (B)
Explanation:
Given:
Principal amount = $15,000
Interest rate = 9% or 0.09
Maturity = 3 years
Every year Mandy Services make payment of $5,000 of principal amount and interest accrued in the previous year. In 2019, Interest accrued for 2018 would be:
Interest = Principal × rate × time
= 15,000 × 0.09 × 1
= $1,350
Total payment made by Mandy in 2019 = 5,000 + 1,350
= $6,350
You want to make payment at the website of a merchant who uses NFC. Which NFC operating mode should you use?
Answer:
Near field communication card emulation mode
Explanation:
Near field communication (NFC) is a wireless technology that uses radio frequency (RF) signals.
Near field communication devices can operate in three kind of modes:
Near field communication card emulation mode - this mode lets the device act as a smart card. This is useful for making payments at the site of a merchant who uses Near field communication.
Near field communication reader/writer mode - this mode allows the device to read information stored in an Near field communication tag on a label or poster.
Near field communication peer-to-peer mode - this mode allows for ad hoc data transfer between two Near field communication enabled devices.