Enterprise- B2- Methods of Payments (plus revisited topics)

Most people pay utility bills by...

• Using a credit card

• Cash

• Setting up a direct debit

• Paypal

This card allows you to buy now but pay later

• Oyster card

• Debit card

• Credit Card

What is the spending limit for a contactless card?

• £20

• £30

• £45

• £100

Credit Card: If there is an emergency and no money in other accounts

• Advantage

• Disadvantage

• Both

• Neither

Credit Card: you pay interest on your unpaid balance

• Advantage

• Disadvantage

• Both

• Neither

Cash: can only spend what I have in my wallet.

• Advantage

• Disadvantage

• Both

• Neither

What is the most widely accepted form of exchange worldwide?

• Contactless

• Debit card

• Cash

• Credit card

What is the purpose of a credit note?

• It's sent by a business to the customer asking for payment

• Used to refund the customer for missing/damaged goods

• It's used to place an order

• It's a list of all transactions that took place last month

What is a purchase order?

• Business sends it to the customer along with their order

• Document customer sends to business to place an order

• Document business sends to customer with products bought

What does VAT mean?

• Validate After Tax

• Very Altered Tax

• Value Added Tax

• Verify a transaction