Batch Processing

question 10

Multiple Choice

Batch processing:

• A)Occurs when dissimilar transactions are grouped and processed as a group.
• B)Occurs when similar transactions are grouped together and processed as a group.
• C)Occurs when the transaction is processed as soon as it is entered.
• D)Would not be used for payment to vendor type transactions since they are time sensitive.

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Definitions:

Organizational Members

Individuals who are part of a company or institution and contribute to its goals and culture.

Maximization

The choice of the decision alternative with the greatest expected value.

Satisficing

Establishing an adequate level of acceptability for a solution to a problem and then screening solutions until one that exceeds this level is found.

Bounded Rationality

A concept suggesting that when individuals make decisions, their rationality is limited by the information they have, the cognitive limitations of their minds, and the finite amount of time they have to make a decision.