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BACS Glossary
This is a revision glossary for Business and Communication Systems
| Question | Answer |
|---|---|
| Agenda | Document that sets out what will be discussed at the meeting. |
| BACS | A system where money is directly transferred from on ebank account to another. |
| Cash flow | The money that flows in and out of a business. |
| Chain of command | The path decisions and communications have to go through in a business hierarchy. |
| Contract of employment | A legal agreement between the employer and the employee about the terms and conditions of a job. |
| Corporate image | The public reputation of a business. |
| Data encryption | Security software that scrambles data being sent over the internet into an unreadable code to protect it from hackers. |
| E-Commerce | Business transactions that take place on the internet. |
| Electronic Data Interchange (EDI) | A system that links businesses directly to their bank account(s). |
| EFTPOS (Electronic Funds Transfer at Point of Sale) | Paying using a debit or credit card instead of cash. |
| EPOS (Electronic Point of Sale) | Laser scanners used to scan bar codes at shop checkouts. |
| Ergonomics | A way of designing office equipment and furniture so it's comfortable to use. |
| File extension | The last three letters of a file name used to identify the file type. |
Created by:
Molly Peers
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