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Transaction Processing Systems Are Primarily Used to Automate Business Processes

question 153

Multiple Choice

Transaction processing systems are primarily used to automate business processes. Automation increases efficiency and effectiveness, while reducing head count which in turn reduces the overall operational ________.


Definitions:

Legal Action

A process of pursuing a lawsuit or judicial proceedings to resolve disputes or enforce legal rights.

Multiple Listing Service

A comprehensive database of available real estate listings provided by real estate brokers participating in a cooperative agreement.

Mortgage Rate

The interest rate applied to a mortgage loan, determining the cost of borrowing for the acquisition of a property.

Special Mortgage Rate

A mortgage interest rate that is offered by lenders under certain conditions that is typically lower than the standard rate available to most borrowers.

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