Transaction Processing Refers To

question 60

Multiple Choice

Transaction processing refers to:

• A)systems that allow users to see how outcomes change when assumptions or data change.
• B)computations and calculations used to review and document human resources decisions and practices.
• C)systems that recommend actions the user can take based on the information provided.
• D)the set of topics on which a human resource information system collects and maintains information.
• E)computer systems that incorporate the decision rules of people deemed to have expertise in a certain area.

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Definitions:

Repetitive Focus

A production strategy where the same products or services are produced in high volumes over a long period using a dedicated set of resources.

Variable Costs

Expenses that vary in relation to the amount of work performed or quantity of products made, including labor and materials.

Break Even

The point at which total costs and total revenues are equal, resulting in no net loss or gain for a business.

Net Present Value

A financial metric that calculates the present value of net cash flows from an investment, considering the time value of money.