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Unit 10: Cash Management

Cash Management: Cash management refers to a broad area of finance involving the collection, Notes
handling, and usage of cash.

POS Hardware: The basic point of sale (POS) hardware consists of a cash drawer, receipt printer,
monitor, and an input device.

POS Software: Point of Sale software processes the basic customer transaction for a retailer.
That includes providing item descriptions, prices, adding taxes and other cash register functions.

Private Finance Initiative (PFI): The Private Finance Initiative (PFI) describes a partnership
between the private and public sectors in which the risks and rewards of financing long-term
developments are transferred to the private sector.

10.7 Review Questions

1. Define the term cash management.

2. Discuss evolution of cash management.
3. Describe budgeting in detail.

4. Explain day to day cash management.
5. What is the importance of having day to day cash management.

6. Define the term E-Tailing.
7. Write some of the applications of E-tailing.

8. What is meant by point of sales?
9. What is POS hardware?

10. What is POS software?
11. Write down the Challenges of Budgeting for Capital Expenses.
12. Explain the challenges presented by current practices for capital expenditure budgeting.

Answers: Self Assessment

1. costly 2. put off
3. key 4. cross-disciplinary

5. False 6. True
7. True 8. False
9. SKUs 10. data mining

11. Assortment planning 12. Scalability
13. True 14. False

15. False

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