technology (F)

Question 1

what are the 6 types of technolgoy department?

Answer 1

-spreadsheet
-database
-email
-word proccessing
-EPOS
-online banking

Question 2

definition of spreadsheets?

Answer 2

these can be used to perpare financial documents such as cash budgets and income statements

Question 3

advanatages of using spreadsheets?

Answer 3

Formulae can be used to ensure calculations are performed accurately

• Graphs can be generated so information can be interpreted more easily (eg break-even chart)
• IF Statements can be used to predict profit/loss in different scenarios

Question 4

definition of database?

Answer 4

Can be used to store customer banking information for invoicing.

Question 5

definition of word processing?

Answer 5

Can type up an invoice to send to customers.
Can prepare financial reports for showing Board of Directors.

Question 6

definition of email?

Answer 6

Can contact suppliers to negotiate a better deal for cost of raw materials.

Question 7

online banking defintion?

Answer 7

Can send electronic payments to suppliers.

Question 8

definition of epos?

Answer 8

Electronic Point of Sale (EPOS – barcode scanning) can automatically update financial records as products are scanned at the checkout (eg sales totals, break-even point)