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The terminal device that functions as a cash register, computer terminal and OCR reader is:
- a)Data collection terminal
- b)OCR register terminal
- c)Video Display terminal
- d)POS terminal
- e)None of the above
Correct answer is option 'D'. Can you explain this answer?
Verified Answer
The terminal device that functions as a cash register, computer termin...
A point of sale terminal (POS terminal) is an electronic device used to process card payments at retail locations. A POS terminal generally does the following:
1. Reads the information off a customer’s credit or debit card
2. Checks whether the funds in a customer’s bank account are sufficient
3. Transfers the funds from the customer’s account to the seller’s account (or at least, accounts for the transfer with the credit card network)
4. Records the transaction and prints a receipt
Most Upvoted Answer
The terminal device that functions as a cash register, computer termin...
POS Terminal
- The correct answer is option 'D', which is POS terminal.
- POS stands for Point of Sale, which refers to the location where a transaction takes place.
- A POS terminal is a device that combines the functions of a cash register, computer terminal, and OCR reader.
- Let's break down each of these functions and understand how a POS terminal performs them.
Cash Register Function:
- A cash register is used to record sales transactions and calculate the total amount due.
- A POS terminal serves as a cash register by allowing the cashier to input the items being purchased and automatically calculating the subtotal, taxes, and total amount due.
- It also has a cash drawer where cash payments can be stored securely.
Computer Terminal Function:
- A computer terminal is a device that allows users to access and interact with a computer system.
- In the context of a POS terminal, it serves as a user interface where the cashier can input data, view transaction details, and perform various functions.
- The terminal is connected to a central computer or server that manages the inventory, pricing, and other aspects of the sales process.
OCR Reader Function:
- OCR stands for Optical Character Recognition, which is a technology that converts printed or handwritten text into digital text.
- An OCR reader is used to scan and interpret information from documents, such as barcodes, QR codes, or invoices.
- In the case of a POS terminal, the OCR reader is used to scan barcodes on products to identify them and retrieve their pricing information.
- This allows for accurate and efficient product scanning during the checkout process.
Conclusion:
- A POS terminal is a versatile device that combines the functions of a cash register, computer terminal, and OCR reader.
- It enables businesses to streamline their sales process, accurately record transactions, and efficiently manage inventory.
- With the ability to connect to other systems, such as payment processors and inventory management software, a POS terminal becomes an essential tool for businesses in various industries.
- The correct answer is option 'D', which is POS terminal.
- POS stands for Point of Sale, which refers to the location where a transaction takes place.
- A POS terminal is a device that combines the functions of a cash register, computer terminal, and OCR reader.
- Let's break down each of these functions and understand how a POS terminal performs them.
Cash Register Function:
- A cash register is used to record sales transactions and calculate the total amount due.
- A POS terminal serves as a cash register by allowing the cashier to input the items being purchased and automatically calculating the subtotal, taxes, and total amount due.
- It also has a cash drawer where cash payments can be stored securely.
Computer Terminal Function:
- A computer terminal is a device that allows users to access and interact with a computer system.
- In the context of a POS terminal, it serves as a user interface where the cashier can input data, view transaction details, and perform various functions.
- The terminal is connected to a central computer or server that manages the inventory, pricing, and other aspects of the sales process.
OCR Reader Function:
- OCR stands for Optical Character Recognition, which is a technology that converts printed or handwritten text into digital text.
- An OCR reader is used to scan and interpret information from documents, such as barcodes, QR codes, or invoices.
- In the case of a POS terminal, the OCR reader is used to scan barcodes on products to identify them and retrieve their pricing information.
- This allows for accurate and efficient product scanning during the checkout process.
Conclusion:
- A POS terminal is a versatile device that combines the functions of a cash register, computer terminal, and OCR reader.
- It enables businesses to streamline their sales process, accurately record transactions, and efficiently manage inventory.
- With the ability to connect to other systems, such as payment processors and inventory management software, a POS terminal becomes an essential tool for businesses in various industries.
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