Which of the Following Is an Example of a Transaction-Processing

question 78

Multiple Choice

Which of the following is an example of a transaction-processing system?

• A) Inventory record systems
• B) Contingency data systems
• C) Operational information systems
• D) Financial reporting systems
• E) Human resource systems

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Definitions:

Mortgage

A loan specifically used to purchase real estate, where the property itself serves as collateral for the loan.

Finance Charge

Fees and interest charges associated with the borrowing of money or the extension of credit.

Installments

Periodic payments made towards settling a debt or purchasing a good, spreading out the total cost over a period of time.

Fair Credit Reporting Act

A federal law that regulates the collection, dissemination, and use of consumer credit information to ensure accuracy and privacy.