The Transaction Processing System Gathers Data from Both Internal and Environmental

question 20

True/False

The transaction processing system gathers data from both internal and environmental sources and enters the data into the database.

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Definitions:

MRP II

Manufacturing Resource Planning, an integrated method of operational and financial planning for manufacturing companies, an evolution of Material Requirements Planning (MRP).

MRP

Material Requirements Planning; a system for planning and managing inventory levels, production schedules, and purchasing needs in the manufacturing process.

Packaged Business Software

Pre-built, commercially available software applications designed to meet the general needs of organizations, rather than custom-developed for a specific entity.