Which Statement Is False Concerning Transaction Processing Systems

question 30

Multiple Choice

Which statement is false concerning transaction processing systems?

• A)The system was the first computerized business application to be installed in the 1960s.
• B)The system makes the information available to users inside and outside the firm.
• C)The system gathers data describing the firm's activities.
• D)The system transforms data into information.

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Definitions:

Oligopolist

A firm that is part of an industry where a small number of entities dominate the market, often leading to limited competition.

Price Cuts

Reductions in the selling price of goods or services, often to attract more customers or boost sales.

Marginal Cost

The expense required to create one more unit of a product or service.

Nash Equilibrium

A concept in game theory where no player can benefit by changing strategies while the other players' strategies remain unchanged.