Question

Which of the following statements is not an advantage of using a point-of-sale terminal?

a. enables management to prepare a report of merchandise inventory to be recorded
b. reports sales by time of day to assist managment to effictively schedule employees
c. uses UPC symbols to increase the efficiency and accuracy of entering sales
d. is required for a business to accept and process credit cards

Answer 1

The statement about the need for a POS terminal to accept and process credit cards is not an advantage but a requirement. POS terminal advantages lie in efficient inventory and sales management, including the use of UPC symbols for efficiency and accuracy.

Step-by-step explanation:

The statement "is required for a business to accept and process credit cards" is not an advantage of using a point-of-sale terminal; it is a requirement for electronic transactions that involve credit cards. The advantages of using a point-of-sale terminal include the ability to prepare reports of merchandise inventory, which aids in record-keeping, to report sales by time of day, assisting in effective scheduling of employees, and to utilize UPC symbols, which increase the efficiency and accuracy of sales entry. Point-of-sale terminals facilitate improved management of business operations but being required to accept credit card payments doesn't inherently offer an advantage—it's simply a capability that such systems possess.