Which of the Following Is True About a POS System

question 11

Multiple Choice

Which of the following is true about a POS system?

• A) It is a terminal used for electronic processing of payment transactions in a retail outlet.
• B) When the cashier scans a product you purchase, the pricing comes from a centralized database thousands of miles away.
• C) Many POS systems include a complete accounting, inventory, and management system.
• D) All of the above are true.

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Definitions:

Sales Revenue

Represents the total amount of money generated from the sale of goods or services by a company before any costs or expenses are deducted.

Operating Expenses

Regular costs for operating a business, including rent, utilities, payroll, and materials, but excluding costs associated with the production of goods sold.

Corporate Tax Rate

The percentage of a corporation's taxable income that it must pay to the government as tax.

Earnings Per Share

A financial ratio that measures the amount of net income earned per share of stock outstanding.