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.

---

Definitions:

Price

Price is the amount of money required to purchase a good or service, determined by factors like supply, demand, and production costs.

Profit-Maximizing

A strategy or goal of a company to achieve the highest possible profits by adjusting production levels, pricing, and other operational variables.

Loss-Minimizing

A strategy aimed at reducing the impact of losses in operations, finance, or investment, usually by identifying and mitigating risk factors.

Loss

A financial situation in which expenses exceed revenues, indicating negative profitability for a business or investment.