The Input from a POS Terminal Serves as Output to Other

question 39

True/False

The input from a POS terminal serves as output to other computers to maintain sales records, update inventory, verify credit, and perform other activities associated with sales transactions.

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Definitions:

Tax-Exempt Dividends

Dividends that are paid by investments in municipal bonds or certain mutual funds which are not subject to federal income tax.

Corporate Dividends

Payments made by a corporation to its shareholders, usually derived from the company's profits.

Taxable

Pertaining to income, transactions, or assets that are subject to tax by governmental authorities.

Stock Split

A corporation’s decision to increase the number of its outstanding shares, thus reducing the share price.