Inputs to Transaction Processing Systems

question 16

Multiple Choice

Inputs to transaction processing systems:

• A)Are best when input in a graphical format
• B)May be in an electronic format when an EDI system is used
• C)May never be audio

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Definitions:

Moral Hazard

A situation where one party is more likely to take risks because another party bears the cost of those risks, often seen in insurance and financial sectors.

Federal Deposit

Funds deposited in a federal bank or a financial institution that is guaranteed by a government agency.

Insurance Program

A system of protection against financial loss in which risks are pooled and financial compensation is provided to members facing losses.

Congestion Pricing

A pricing strategy that charges users fees for accessing certain areas during peak times to reduce traffic congestion.