What Is Meant by the Term "Transaction Processing

question 29

Multiple Choice

What is meant by the term "transaction processing"?

• A)processing over a network
• B)processing by a bank or other financial institution
• C)grouping database changes into one unit of work that must succeed or fail together
• D)pre-processing data with a separate program before it is saved in the database

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Definitions:

Cost Ledger

A subsidiary ledger that records individual costs associated with specific cost centers or cost objects.

Job Order Cost System

A job order cost system is an accounting method that assigns costs to specific production jobs, enabling precise tracking of the cost of materials, labor, and overhead for each job.

Custom Products

Custom products are goods manufactured or tailored according to the specific requirements or preferences of a customer.

Service Provider

A company or individual that offers services to others in exchange for payment, such as telecommunications, utilities, or professional services.