In _____ Processing,each Department Has Its Own Computer for Performing

question 60

Multiple Choice

In _____ processing,each department has its own computer for performing processing tasks.

• A)centralized
• B)decentralized
• C)distributed
• D)modular

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Definitions:

Potential Creditors

Individuals or institutions that may lend money or extend credit to a company or individual.

Present Value

The existing financial estimate of a future quantity of money or stream of cash flows, with a certain return rate taken into account.

Annuity

A financial product that pays out a fixed stream of payments to an individual, typically used as part of a retirement strategy.

Compound Interest

Interest that accumulates on the initial amount invested and on the interest that has previously been added to that amount.