Differentiate Between Batch Processing and Online Transaction Processing

question 67

Short Answer

Differentiate between batch processing and online transaction processing.

Understand the legal framework surrounding shareholder rights, including voting and litigation on behalf of the corporation.

Recognize the ethical considerations and fiduciary duties involved when shareholders control or transfer shares.

Understand the legal aspects of corporate accountability and liability, including for wrongful acts and financial mismanagement.

Understand the concept of functional plasticity and its role in the brain's adaptability.

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Definitions:

Fixed Costs

Fixed costs, which are unaffected by the volume of production or sales, encompassing charges like lease payments, employee salaries, and insurance fees.

Insurance

A financial product sold by insurance companies to safeguard against the risk of financial loss.

Variable Costs

Expenses that vary directly with the level of production or sales volume, such as materials and labor.

Labor

Human effort, whether physical or mental, contributed to the production of goods and services.