Mcq: (click the right answer. not have to define)

Which of the following is not true for Open loop system?

a)Acquiring bank collects money from Issuing banks without the help of any intermediary

b)Credit card associations provide guarantee for certain types of card frauds.

c)Use intermediary such as Bank or Clearinghouse system

d)Credit card associations collect money from Issuing banks to pay Acquiring banks

Automated clearing house (ACH) provides network of banks connecting.

a)Credit card processing software vendors

b)Merchants

c)Card authorization companies

d)All of these

e)Some of these

Logistics activities include managing the.

a)Outbound movements of finished goods and services

b)Call center

c)inbound movements of materials and supplies

d)All of these

e)Some of these

Automated clearing house (ACH) provides network of banks connecting.

a)Credit card processing software vendors

b)Merchants

c)Card authorization companies

d)All of these

e)Some of these

The SCM demand planning module includes proprietary algorithms customized for specific industry markets that examine customers buying patterns and generate continually updated forecasts.

a)True

b)False