Automation Improves Efficiency and Effectiveness and Reduces Head Count,lowering Overall

question 44

Multiple Choice

Automation improves efficiency and effectiveness and reduces head count,lowering overall operational costs.What sort of system is primarily used to automate business processes?

• A)Translation processing system
• B)Transaction processing system
• C)Terminal processing system
• D)Technical processing system

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Definitions:

Ordinary Annuity

An annuity in which the payments are made at the end of each payment interval.

Monthly Payments

Regular payments made every month, often in the context of loans or leases, to repay borrowed money plus interest.

Compounded Annually

The process of calculating interest on both the initial principal and the accumulated interest from previous periods on an annual basis.

Yearly Contributions

These are amounts of money contributed to any type of savings or investment plan on an annual basis.