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.

---

Definitions:

Aggregate Demand

The aggregate market demand for products and services within an economy, set against a specific price level over a determined period.

Government Budget

An itemized forecast of an entity's income and expenses over a specified future time period, utilized by governments to plan and control spending.

Government Borrowing

The process by which the government finances its expenditures by issuing debt, typically through the sale of securities like bonds.

Independent

Not being influenced or controlled by others; having the freedom to think, act, and make decisions by oneself.