Real-Time Processing

question 66

Multiple Choice

Real-time processing:

• A)Would not be used for payment to vendor type transactions since they are not time sensitive.
• B)Occurs when similar transactions are grouped into a batch and processed as a group.
• C)Would be utilized for processes such as payroll due to their time-sensitive nature.
• D)Occurs when the transaction is processed immediately.

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Definitions:

Royalty Fee

A payment made to an owner for the use of their property, typically intellectual property or natural resources.

Distinctive Guise

A unique appearance of a product or packaging that signifies exclusive source, identity or origin, typically relevant in trademark law.

Certification Mark

A mark used by a certified organization to indicate that products or services meet a certain standard of quality or performance.

Registered

Officially listed or entered on a record or registry for recognition, control, or protection purposes.