When Business Transactions Are Accumulated Over a Period of Time

question 55

Multiple Choice

When business transactions are accumulated over a period of time to be processed as a single unit, it is referred to as which of the following?

• A)online transaction processing
• B)real-time transaction processing
• C)batch processing
• D)enterprise resource processing

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Definitions:

Sales Adjusted

A correction made to sales figures to account for various factors such as returns, allowances, or discounts.

Cash Basis

A method of accounting that records transactions when cash is either received or paid.

Selling and Administrative Expense

Expenses related to the selling of products and the management of the business, not directly tied to production, including marketing, salaries of executives, and office supplies.

Adjusted

Modified or changed for a more accurate comparison or calculation, often in financial contexts.