An Electronic Time Management System Is a Computer Based System

question 85

True/False

An electronic time management system is a computer based system that captures, stores, and reports time.

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Definitions:

Pay Later

A type of payment arrangement allowing the purchaser to buy goods or services and defer payment to a future date.

Sales Receipt

A document that records a transaction where the payment is made immediately at the time of sale.

Invoice

An invoice is a document issued by a seller to a buyer, outlining products or services provided, amounts due, and payment terms.

Time Of Sale

The exact moment when a transaction between a buyer and a seller is completed, often documented by a sales receipt or invoice.