Transaction Management Was Introduced During the Era of Industrial Revolution

question 41

True/False

Transaction management was introduced during the era of Industrial Revolution.

---

Definitions:

Income Tax

A tax levied by governments on individuals or entities based on their income or profits.

Selling Price

The price at which an item or service is offered to buyers.

Variable Costs

Costs that change in proportion to the level of goods or services produced by a business.

Expenses

Outflows or using up of assets as part of operations of a business to generate revenue.