The Major Difference Between Computerized Checkouts and Electronic Point-Of-Sale Systems

question 15

Multiple Choice

The major difference between computerized checkouts and electronic point-of-sale systems is that electronic point-of-sale systems ________.

• A) are not tied into the retailer's main computer
• B) do not have the capacity to print complex reports
• C) are not compatible with UPC scanners
• D) also verify, monitor, and change prices, as well as provide sales reports

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Definitions:

Interim Financial Statements

Financial reports covering a period shorter than a fiscal year, often quarterly, used to give an update on a company's financial health.

Overapplied Factory Overhead

The amount of factory overhead applied in excess of the actual factory overhead costs incurred for production during a period.

Balance Sheet

An account that outlines the assets, liabilities, and equity of shareholders of a company on a particular date.

Job Order Cost Accounting Systems

An accounting system that accumulates costs individually for each job. It is used when products are made based on specific orders.