Frank and His Wife, Paula, Run a Country Store in a High-Foot-Traffic

question 16

Multiple Choice

Frank and his wife, Paula, run a country store in a high-foot-traffic area in a resort town. Which of the following would not be a beneficial use of mobile technology for their store?

• A)Telemetry
• B)Location-based
• C)Wireless payments
• D)Mobile app loyalty program
• E)All of these could be used beneficial.

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Definitions:

Cash Receipts Journal

An accounting ledger that tracks all cash inflows to a business, documenting sources of revenue or income.

Subsidiary Ledger Accounts

Detailed accounts contained within a subsidiary ledger, tracking individual transactions related to a specific customer, supplier, or type of item.

Accounts Receivable

Money owed by customers for goods or services that have been delivered but not yet paid for.

Accounts Payable

Accounts payable are liabilities representing the amount a business owes to its suppliers or creditors for goods and services received but not yet paid for.