A Transaction Processing System (TPS) Is the Basic Business System

question 242

Multiple Choice

A transaction processing system (TPS) is the basic business system that assists operational level analysts when making structured decisions.Which of the following is not an example of a TPS?

• A)Target's internal company payroll system
• B)Comfort Dental patient diagnosis system
• C)First Bank's overall accounting system
• D)Stewart Sport's order entry system

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Definitions:

Opportunity Cost

The loss of potential gain from other alternatives when one particular option is chosen.

Tax Cut

A reduction in the amount of taxes that individuals or corporations owe to the government.

Market Economy

An economic system where decisions regarding investment, production, and distribution are based on supply and demand, with little government intervention.

Market Equilibrium

A situation in which market supply equals market demand, so there is no incentive for price changes unless external conditions change.