Which of the Following Is the Most Important Reason to Use

question 8

Multiple Choice

Which of the following is the most important reason to use POS systems, OCR systems, or MICR systems?

• A)To use the latest information technology
• B)To avoid data transcription
• C)To create an extra layer of IT infrastructure
• D)To decrease dependency on foreign oil

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Definitions:

Trade Discount

A reduction in the listed price of a product or service offered by sellers to buyers in the business-to-business sales.

Break-Even Default Rate

The rate at which the losses from defaulted loans equal the income generated from interest payments in a lending portfolio.

Net 30 Credit Policy

A common credit term indicating that payment is due in full 30 days after the goods are dispatched or a service is completed.

Monthly Interest Rate

The rate of interest applied to a loan or earned from an investment throughout a one-month timeline.