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:

Ethics Auditing

The systematic examination and evaluation of an organization's ethical policies, practices, and performance to ensure accountability and alignment with ethical standards.

Financial Auditing

The process of examining an organization's financial statements to ensure they are accurate and conform to laws and regulations.

Ethics Audit

A systematic evaluation of an organization's ethics policies and practices, aiming to identify ethical strengths and weaknesses.

Conducting

The act of leading or directing a group or an orchestra, ensuring all members perform in harmony.