Transaction Processing Systems Use a Large Amount of Input and Output

question 24

Short Answer

Transaction processing systems use a large amount of input and output data to update the official _____ of the company about orders, sales, customers, and so on.

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Definitions:

Depreciation Measures

The methods or calculations used to determine the amount by which an asset's value decreases over time, such as straight-line or declining balance methods.

EBITDA

Earnings Before Interest, Taxes, Depreciation, and Amortization, a measure of a company's operational performance.

Liquidity

The ability of an asset to be converted into cash quickly without significantly affecting its price.

Financial Capital

Financial capital involves funds provided by lenders and investors to businesses to purchase real capital equipment for producing goods/services.