Transaction-Processing Systems _____

question 95

Multiple Choice

Transaction-processing systems _____.

• A)involve low volumes of data
• B)require extensive managerial judgment
• C)involve operations that are repetitive
• D)require maximum human involvement

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Definitions:

Cash Flows

The sum of all money transfers into and from a business, significantly altering its capacity to handle liquid assets.

Annuity

A financial product delivering fixed payments to an individual, typically over a period of time or for life, often used for retirement savings.

Sinking Fund

An arrangement to guarantee that funds are available to pay off a bond’s principal at maturity.

Payments

The transfer of money or goods in exchange for products, services, or to fulfill a legal obligation.