Accuracy Of Data
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Title: Accuracy Of Data

Essay Details:

Subject: Technology
Author: Mae E
Date: November 20, 2015
Level: University
Grade: A
Length: 3 / 834

Essay text:

Bank checks are encoded with MICR (Magnetic Ink Character Recognition) so that the checks can be easily read and processed rapidly. This reduces the number of errors that were being made by manually inputting incorrect information and causing revenue to be lost because of input mistakes. POS devices are used to read retail tags and calculate many things about the item, including the price or the department that should receive credit for the sale or update the inventory count. This aids in the reduction of miss-keyed items and increases the speed of the completion of the sale. “By helping track inventory, they reduce "shrinkage" and employee theft...

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