Batch Processing Is When the Firm Collects Data from Transactions

question 22

Multiple Choice

Batch processing is when the firm collects data from transactions __________, places them in groups, then prepares and processes the batches ___________.

• A)as they occur, as they occur
• B)as they occur, periodically
• C)periodically, as they occur
• D)periodically, periodically

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Definitions:

CRM

Customer Relationship Management; a strategy and software that businesses use to manage interactions with customers, analyzing data to improve business relationships.

SKU

Stock Keeping Unit, a unique identifier for each distinct product and service that can be purchased.

GATT

General Agreement on Tariffs and Trade, a multilateral agreement regulating international trade, aimed at reducing tariffs and other trade barriers to promote economic cooperation and free trade.

Self-actualization

The achievement of realizing one's inherent abilities and potentials, viewed as a natural desire or necessity found in all individuals.