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:

Suretyship

A contractual obligation undertaken by a surety to be responsible for another's performance of an obligation or payment of debt, should that party fail to perform.

Guaranty

A legal commitment to be responsible for another's debt or contractual performance if that person fails to meet their obligations.

Primarily Liable

Liable for paying the amount designated on an instrument when it is presented for payment.

Common Law Lien

A right to keep possession of property belonging to another person until a debt owed by that person is paid in full.