A Transaction Processing System (TPS)is the Basic Business System That

question 283

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's patient diagnosis system
• C) First Bank's overall accounting system
• D) Stewart Sport's order entry system

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Definitions:

Interest Rates

The cost of borrowing money, expressed as a percentage of the amount borrowed.

Loanable Funds Market

The hypothetical market that illustrates the interaction between borrowers who demand loanable funds and lenders who supply loanable funds, determining the equilibrium real interest rate.

Surplus

Surplus is the situation in which the quantity supplied of a product or service exceeds the quantity demanded, often leading to lower prices.

Equilibrium Interest Rate

The interest rate at which the supply of savings meets the demand for investment funds in a market, leading to an economic balance.