With _____, Each Transaction Is Processed Immediately Without the Delay

question 5

Multiple Choice

With _____, each transaction is processed immediately without the delay of accumulating transactions into a batch.

• A) unit batch processing
• B) online transaction processing
• C) data editing
• D) data mining

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Definitions:

Producer Surplus

The difference between the amount a producer is willing to accept for a product versus what they actually receive.

Equilibrium Price

The price at which the quantity of a good demanded by consumers equals the quantity supplied by producers.

Market Equilibrium

A situation in a market where the quantity demanded by consumers equals the quantity supplied by producers, leading to a stable price for the product or service.

Producer Surplus

The difference between what producers are willing to accept for a good or service versus what they actually receive, typically measured above the supply curve.