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Transactions Are Typically Processed Either [A] All Together for a Defined

question 21

Multiple Choice

Transactions are typically processed either [A] all together for a defined time window (e.g.end of a day or week) or [B] processed as each transaction occurs.The second method [B] is called ________ processing.


Definitions:

Writing Requirement

Writing requirement refers to the legal stipulation that certain contracts or agreements must be in written form to be legally enforceable.

Brain-Death Standard

The medical and legal criteria used to declare a person legally dead based on the irreversible cessation of all brain activity.

Estate Planning

The process whereby an individual decides what to do with his or her real and personal property during and after life.

Living Will

A document in which a person expresses his or her advance directives.

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