Question

Technology can be used to support a strong internal control system. Discuss how technology has improved point-of-sale transactions.

a) By increasing manual errors in transactions.
b) By slowing down the transaction process.
c) Through enhanced accuracy and real-time monitoring.
d) Technology has no impact on internal control.

Answer 1

Technology has greatly improved point-of-sale transactions by increasing accuracy and providing real-time monitoring, which strengthens internal control systems.

Step-by-step explanation:

Technology has significantly improved point-of-sale transactions through various means, enhancing overall internal control systems within businesses. One notable area of improvement is the enhanced accuracy and real-time monitoring capacity provided by modern point-of-sale systems. These systems reduce the likelihood of manual errors and boost efficiency by streamlining transactions, tracking sales, and inventory management in real-time. Additionally, this advancement in technology allows for better fraud detection and provides analytics that can inform business strategies.