Online Transaction Processing (OLTP) Is the Capturing of Transaction and Event

question 16

Multiple Choice

Online transaction processing (OLTP) is the capturing of transaction and event information using technology to _____________.

• A)update existing information to reflect the new information
• B)store the information
• C)process the information according to defined business rules
• D)All of these are correct.

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Definitions:

Indirect Method

The indirect method is a way of preparing the cash flow statement in which net income is adjusted for changes in balance sheet accounts to compute the cash flow from operating activities.

Operating Activities

Daily business functions and transactions related to a company's core business operations, such as sales, provision of services, and purchasing of raw materials.

Expenses

Costs incurred in the process of earning revenue, including operational costs, utilities, salaries, and rent.

Investing Activities

Transactions involving the purchase and sale of long-term assets and other investments, included in a company's cash flow statement.