Point of Sale (POS)systems Do Not Perform Any of the Functions

question 86

True/False

Point of sale (POS)systems do not perform any of the functions of a traditional cash register but they do maintain an up-to-the minute inventory count.

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Definitions:

Equal Credit Opportunity Act

A U.S. law aimed at ensuring all consumers have an equal chance to obtain credit, prohibiting discrimination based on race, color, religion, national origin, sex, marital status, age, or because someone receives public assistance.

Consumer Credit

A form of credit extended to consumers to finance the purchase of goods, services, or for personal use, subject to repayment terms.

Commercial Credit

A type of financing that allows businesses to obtain goods or services with payment to be made at a later date.

Consumer Financial Protection Bureau

A federal agency in the United States responsible for consumer protection in the financial sector.