Transaction Processing Systems Are Primarily Used to Automate Business Processes

question 71

Multiple Choice

Transaction processing systems are primarily used to automate business processes. Automation increases efficiency and effectiveness, while reducing head count which in turn reduces the overall operational ________.

• A) costs
• B) systems
• C) revenues
• D) intelligence

Gain proficiency in distinguishing between liquidity, profitability, and solvency ratios.

Understand the impact of trust and listening on organizational communication.

Recognize the limitations and challenges of communication mediums and strategies.

Distinguish between impersonal and personal communication and their roles in conveying information.

---

Definitions:

Product Differentiation

The process of distinguishing a product or service from others in the market to make it more attractive to a particular target market.

Market

An area or arena in which commercial dealings are conducted.

Pricing Objectives

Pricing objectives are the goals a company aims to achieve through its pricing strategies, such as maximizing profit, increasing market share, or targeting a specific market segment.

Components

Fundamental parts or elements that combine to form a complex system, mechanism, or product.