A Method of Using Hardware and Software That Captures Retail

question 90

Multiple Choice

A method of using hardware and software that captures retail sales transactions by standard bar coding is referred to as:

• A)Point of Sale System
• B)COBOL System
• C)Inventory Tracking System
• D)UPC System

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Definitions:

Selling Price

The amount of money for which a product or service is sold to the consumer, not necessarily reflective of the total price or production costs.

Purchase Order

A formal document sent by a buyer to a seller with the intent to purchase products or services under specified terms.

Peak Demand

The highest point of consumer demand for a product or service within a particular period, often leading to strain on resources or increased costs.

Absorption Costing

A costing method where all manufacturing costs, both fixed and variable, are assigned to units of production and are absorbed by those units.