A Transaction-Processing System Is a Management Information System Designed to Handle

question 94

True/False

A transaction-processing system is a management information system designed to handle small volumes of nonrecurring transactions.

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Definitions:

Chain of Title

The sequence of historical transfers of title to a property.

Special Indorsement

A method of endorsing a negotiable instrument, where the endorser specifies the person to whom or to whose order the instrument is payable.

Pay to the Order

A phrase used in cheques or negotiable instruments that specifies the person to whom the payment is to be made.

Indorsements

The act of signing one's name on the back of a negotiable instrument to legally transfer it to another party.