Which Statement Is True of Transaction-Processing Systems

question 18

Multiple Choice

Which statement is true of transaction-processing systems?

• A)They focus on data collection and processing.
• B)They focus on integrating hardware and software technologies.
• C)They focus on integrating data, processes, and human elements.
• D)They focus on maximizing human involvement.

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Definitions:

Nominal Interest Rate

The stated rate of interest on a financial instrument, not accounting for the compounding effect or inflation.

Inflation Rate

The elevation in the percentage cost of goods and services across an economy over an established period.

Relative-price Variability

Fluctuations in the price of one good or service in relation to others, affecting purchasing decisions and economic equilibrium.

Inflation Rate

A measure of how quickly the cost of goods and services rises, thereby reducing the purchasing power.